Larry Labonte Recovery Center

Analysis

Larry Labonte Recovery Center is a registered charity in United States, based in Rumford, ME. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Larry Labonte Recovery Center reported income of $136k and spending of $142k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $136k (+13%), an average of +13% a year. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Larry Labonte Recovery Center sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 38th percentile within ME. Charities of a similar size with the same main cause include Colleen Sorbello Breast Cancer Foundation Inc ($136k), Breast Cancer Network of Wny Inc ($136k) and Trecs Institute ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $26k against liabilities of $7,799, net assets of $18k.