Friends of Larc

Analysis

Friends of Larc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Larc reported income of $169k and spending of $169k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $188k to $169k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Larc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Primitive Christian Church ($169k), The Hollywood Historical Society Inc ($169k) and Little League Baseball Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.