The Larrabee Center Inc

Analysis

The Larrabee Center Inc is a registered charity in United States, based in Waverly, IA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Larrabee Center Inc reported income of $2.2m and spending of $2.0m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $2.2m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Larrabee Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Center of Protective Environment Inc ($2.2m), Clear Creek Services Inc ($2.2m) and Midwest Enterprises for the Blind Inc ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $107k (5.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.1m against liabilities of $324k, net assets of $1.8m. It reported 109 employees.