Larche Tahoma Hope Community

Analysis

Larche Tahoma Hope Community is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover human services, 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, Larche Tahoma Hope Community reported income of $3.3m and spending of $3.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.3m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 24%. 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, Larche Tahoma Hope Community sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Art with a Heart Inc ($3.3m), Center for Executive Leadership Inc ($3.3m) and Centerville Community Betterment Inc Zylpha Price House ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $89k (2.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.5m against liabilities of $822k, net assets of $5.7m. It reported 68 employees.