Friends of Lachat Inc

Analysis

Friends of Lachat Inc is a registered charity in United States, based in Weston, CT. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Friends of Lachat Inc reported income of $497k and spending of $555k, spending 112% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $221k to $497k (+125%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Lachat Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Ocean Avenue Child Development Preschool Center Inc ($497k), Crush Athletics ($497k) and Chicago Irish Immigrant Support ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 66% of the total. Other salaries and wages came to $78k. At year end it held assets of $308k against liabilities of $0, net assets of $308k. It reported 2 employees.