Larche Long Island Inc

Analysis

Larche Long Island Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Larche Long Island Inc reported income of $248k and spending of $379k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $181k to $248k (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 699%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Larche Long Island Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Tha Inc ($248k), 228 E46 Housing Development Fund Corporation ($248k) and Central Plains Residences Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $2.1m against liabilities of $821k, net assets of $1.3m.