Larry H Spears Foundation Inc

Analysis

Larry H Spears Foundation Inc is a registered charity in United States, based in Dry Ridge, KY. It received its IRS tax-exemption ruling in December 2007, 19 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, Larry H Spears Foundation Inc reported income of $132k and spending of $141k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $143k to $132k (-7.5%), an average of -7.5% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Larry H Spears Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within KY. Charities of a similar size with the same main cause include Up Lions Serve ($132k), Johnstone Apartments Inc ($132k) and Lorenzo Senior Citizens Association ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,416 against liabilities of $0, net assets of $4,416.