Larc Inc

Analysis

Larc Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in July 1969, 57 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 2023, Larc Inc reported income of $13.9m and spending of $11.4m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.1m to $13.9m (+96%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Larc Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Y M C a of Westfield N J ($13.9m), Changing Homelessness Inc ($13.9m) and Learn & Play ($13.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $157k (1.4% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $15.5m against liabilities of $4.2m, net assets of $11.4m. It reported 332 employees.