Lagrange Frink Alumni and Friends Association

Analysis

Lagrange Frink Alumni and Friends Association is a registered charity in United States, based in LA Grange, NC. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lagrange Frink Alumni and Friends Association reported income of $53k and spending of $71k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $82k to $53k (-34%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lagrange Frink Alumni and Friends Association sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Wilkes-Barre Branch of the Pennsylvania Association for the ($53k), The Friends of the Benzie Shors District Library ($53k) and Buchanan County Historical Society of Virginia Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $437k against liabilities of $0, net assets of $437k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.