Larrys Legends

Analysis

Larrys Legends is a registered charity in United States, based in Thompson, ND. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Larrys Legends reported income of $89k and spending of $70k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $89k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Larrys Legends sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 25th percentile within ND. Charities of a similar size with the same main cause include Morrison Community Hospital Foundation ($89k), Tough Enough to Wear Pink Central Montana ($89k) and Big Island Emergency Crew Incorporated ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.