Friends Of Larche Inc
Friends Of Larche Inc shows strong financial growth and stability with no reported officer compensation.
EIN: 203091620 · Decatur, GA · NTEE: P73 · Updated: 2026-03-28
Is Friends Of Larche Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Larche Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Larche Inc
Friends Of Larche Inc (EIN: 203091620) is a nonprofit organization based in Decatur, GA, classified under NTEE code P73. The organization reported total revenue of $1.8M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Larche Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Larche Inc is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $303K |
| Surplus / Deficit | $-92,863 |
| Total Assets | $2.9M |
| Total Liabilities | $50K |
| Net Assets | $2.8M |
| Operating Margin | -44.2% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 113.2 months |
Financial Health Grade: B
In 2024, Friends Of Larche Inc reported a deficit of $93K with expenses exceeding revenue, holds 113.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Friends Of Larche Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -85.1% | -76.2% | -2.8% |
| 2023 | +1.6% | +0.6% | +4.1% |
| 2022 | +6.6% | +17.1% | +5.0% |
| 2021 | +4.8% | +23.8% | +11.4% |
| 2020 | -16.8% | +-0.0% | +18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Larche Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Friends Of Larche Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $93K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with nearly $3 million in assets and over $1.8 million in annual revenue, suggesting either a fully volunteer executive team or compensation structured in a way not reported as officer compensation on the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friends Of Larche Inc's IRS 990 filings:
- Most recent filing (202402) shows expenses exceeding revenue by a significant margin ($303,102 expenses vs $210,239 revenue), though this may be a partial period report.
Strengths
The following positive indicators were identified for Friends Of Larche Inc:
- Consistent reporting of 0% officer compensation across all filings.
- Strong and consistent revenue growth over the past decade, from $378,591 in 2015 to $1,813,094 currently.
- Healthy asset base ($2,836,728) with relatively low liabilities, indicating strong financial stability.
- Positive net income in most full fiscal years, contributing to asset accumulation.
- Regular and extensive IRS 990 filing history (14 filings) demonstrates transparency.
Frequently Asked Questions about Friends Of Larche Inc
Is Friends Of Larche Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Larche Inc (EIN: 203091620) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Friends Of Larche Inc spend its money?
Friends Of Larche Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Larche Inc tax-deductible?
Friends Of Larche Inc is registered as a tax-exempt nonprofit (EIN: 203091620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of Larche Inc a good charity?
Based on the available financial data, Friends Of Larche Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and remarkably reports 0% officer compensation, indicating a high dedication to its mission and efficient use of funds.
How has Friends Of Larche Inc's revenue grown over time?
Friends Of Larche Inc has experienced significant revenue growth, increasing from $378,591 in 2015 to $1,813,094 in its latest reported period, showcasing a substantial expansion of its operations and funding.
What is the organization's asset-to-liability ratio?
The organization maintains a very healthy asset-to-liability ratio. For example, in 202312, assets were $2,940,999 against liabilities of $39,842, indicating strong financial solvency and minimal debt.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that any compensation for key personnel is structured and reported under different categories on the IRS Form 990, which is a point of interest for further inquiry but generally positive for efficiency.
Filing History
IRS 990 filing history for Friends Of Larche Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Friends Of Larche Inc's revenue has declined by 21.3%, moving from $267K to $210K. Total assets increased by 799% over the same period, from $318K to $2.9M. Total functional expenses rose by 156.1%, from $118K to $303K. In its most recent filing year (2024), Friends Of Larche Inc reported a deficit of $93K, with expenses exceeding revenue. The organization holds $50K in liabilities against $2.9M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $210K | $303K | $2.9M | $50K | — | View 990 |
| 2023 | $1.4M | $1.3M | $2.9M | $40K | — | View 990 |
| 2022 | $1.4M | $1.3M | $2.8M | $57K | — | — |
| 2021 | $1.3M | $1.1M | $2.7M | $41K | — | View 990 |
| 2020 | $1.2M | $873K | $2.4M | $33K | — | — |
| 2019 | $1.5M | $873K | $2.0M | $29K | — | View 990 |
| 2018 | $962K | $650K | $1.4M | $19K | — | View 990 |
| 2017 | $1.1M | $464K | $1.1M | $36K | — | View 990 |
| 2016 | $520K | $413K | $491K | $29K | — | View 990 |
| 2015 | $379K | $357K | $390K | $35K | — | View 990 |
| 2014 | $435K | $391K | $376K | $43K | — | View 990 |
| 2013 | $393K | $361K | $337K | $48K | — | View 990 |
| 2012 | $243K | $250K | $312K | $55K | — | View 990 |
| 2011 | $267K | $118K | $318K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $210K, expenses of $303K, and assets of $2.9M (revenue -85.1% year-over-year).
- 2023: Revenue of $1.4M, expenses of $1.3M, and assets of $2.9M (revenue +1.6% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $2.8M (revenue +6.6% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $2.7M (revenue +4.8% year-over-year).
- 2020: Revenue of $1.2M, expenses of $873K, and assets of $2.4M (revenue -16.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $873K, and assets of $2.0M (revenue +54.9% year-over-year).
- 2018: Revenue of $962K, expenses of $650K, and assets of $1.4M (revenue -11.4% year-over-year).
- 2017: Revenue of $1.1M, expenses of $464K, and assets of $1.1M (revenue +108.5% year-over-year).
- 2016: Revenue of $520K, expenses of $413K, and assets of $491K (revenue +37.5% year-over-year).
- 2015: Revenue of $379K, expenses of $357K, and assets of $390K (revenue -12.9% year-over-year).
- 2014: Revenue of $435K, expenses of $391K, and assets of $376K (revenue +10.6% year-over-year).
- 2013: Revenue of $393K, expenses of $361K, and assets of $337K (revenue +61.5% year-over-year).
- 2012: Revenue of $243K, expenses of $250K, and assets of $312K (revenue -9.0% year-over-year).
- 2011: Revenue of $267K, expenses of $118K, and assets of $318K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Larche Inc:
Data Sources and Methodology
This transparency report for Friends Of Larche Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.