Larchmont Schools

Analysis

Larchmont Schools is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Larchmont Schools reported income of $30.2m and spending of $29.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.5m to $30.2m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Larchmont Schools sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Institute of American Indian & Alaska Native Culture & Arts ($30.1m), The American Friends of Winchester College ($30.2m) and Tree of Knowledge Learning Academy Inc ($30.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $234k (0.8% of expenses). Other salaries and wages came to $14.1m. At year end it held assets of $35.9m against liabilities of $28.2m, net assets of $7.7m. It reported 353 employees.