Larke Village Incorporated

Analysis

Larke Village Incorporated is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in February 2001, 25 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 September 2023, Larke Village Incorporated reported income of $72k and spending of $102k, spending 141% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $82k to $72k (-12%), an average of -3.2% a year. The sharpest change came in the year to September 2023, when income dropped by 19%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Larke Village Incorporated sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within LA. Charities of a similar size with the same main cause include Lagrange Troup County Homeless Coalition Inc ($72k), Edison Affordable Housing Inc ($72k) and Basic Independence Apartments Inc ($72k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $470k against liabilities of $27k, net assets of $443k.

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.