Larchwood Betterment Club

Analysis

Larchwood Betterment Club is a registered charity in United States, based in Larchwood, IA. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Larchwood Betterment Club reported income of $119k and spending of $100k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $119k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Larchwood Betterment Club sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within IA. Charities of a similar size with the same main cause include Mephibosheth Farms Angelic Riders Inc ($119k), Possessing Your Power Outreach ($119k) and American Legion Colorado Boys State ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 21% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.