Larc an Association for Retarded Citizens

Analysis

Larc an Association for Retarded Citizens is a registered charity in United States, based in Lansing, IL. It received its IRS tax-exemption ruling in September 1957, 69 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 June 2023, Larc an Association for Retarded Citizens reported income of $4.6m and spending of $4.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.6m (+17%), an average of +4.1% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Larc an Association for Retarded Citizens sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include National Football Foundation and College Hall of Fame Inc ($4.6m), Catholic Charities Housing Inc ($4.6m) and Illinois Chapter of American Academy of Pediatrics ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $97k (2.3% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $6.7m against liabilities of $490k, net assets of $6.2m. It reported 100 employees.