It's hard to pinpoint an exact date for when the story of Little Rascals takes place. It seems to capture a timeless aspect of childhood adventures and friendships that could apply to various eras.
The story of Little Rascals is set in an unspecified time in the past, but it likely represents a period of childhood innocence and mischief common in many communities.
The setting of the Little Rascals story is rather ambiguous in terms of specific time. It evokes a sense of a bygone era filled with youthful escapades and fun, without being tied to a particular year or period.