Larche-Cleveland Inc

Analysis

Larche-Cleveland Inc is a registered charity in United States, based in Lyndhurst, OH. It received its IRS tax-exemption ruling in October 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Larche-Cleveland Inc reported income of $1.4m and spending of $1.7m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.4m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Larche-Cleveland Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Christian Heritage Broadcasting Inc ($1.4m), The Banner School Inc ($1.4m) and Habitat for Humanity International Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.7m against liabilities of $63k, net assets of $1.7m. It reported 46 employees.