Laroche Foundation

Analysis

Laroche Foundation is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Laroche Foundation reported income of $57k and spending of $57k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $167k to $57k (-66%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laroche Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Friends of Cleveland Bands ($57k), Project Gutenberg Literary Archive Foundation Inc TR ($57k) and Washington Science Teachers Association ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,651 against liabilities of $0, net assets of $7,651.