Friends of Lavic Inc

Analysis

Friends of Lavic Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in March 2019, 7 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, Friends of Lavic Inc reported income of $84k and spending of $90k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $84k (-0.7%), an average of -0.7% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Lavic Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include School of the Osage Foundation Inc ($84k), Crawford County Family Connection Inc ($84k) and Robert a Busch Foundation ($84k).

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 $1,717 against liabilities of $0, net assets of $1,717.