Larche Daybreak

Analysis

Larche Daybreak is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in November 1996, 30 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).

In the financial year ending March 2023, Larche Daybreak reported income of $5.2m and spending of $5.0m, spending 97% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $4.9m to $5.2m (+6.6%), an average of +1.6% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Larche Daybreak sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile. Charities of a similar size with the same main cause include Kids to Love Foundation ($5.2m), Challenge Center Inc ($5.2m) and Stillwater Group Homes Inc ($5.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 86% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $160k (3.2% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $8.4m against liabilities of $1.0m, net assets of $7.4m. It reported 100 employees.