The Irven E and Nevada P Linscomb Foundation

Analysis

The Irven E and Nevada P Linscomb Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Irven E and Nevada P Linscomb Foundation reported income of $1.6m and spending of $960k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 175%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Irven E and Nevada P Linscomb Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MO. Charities of a similar size with the same main cause include Southwest Airlines Employees Catastrophic Assistance Charity ($1.6m), Scwa Foundation ($1.6m) and Lutheran Social Services Foundation of Upstate New York Inc ($1.6m).

At year end it held assets of $30.0m against liabilities of $95k, net assets of $29.9m.