Larry Joe Harless Community Center Foundtion

Analysis

Larry Joe Harless Community Center Foundtion is a registered charity in United States, based in Gilbert, WV. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Larry Joe Harless Community Center Foundtion reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $997k to $1.1m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Larry Joe Harless Community Center Foundtion sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within WV. Charities of a similar size with the same main cause include Conference Carolinas ($1.1m), Loup Loup Ski Education Foundation ($1.1m) and Alliance Youth Hockey Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $50k (4.9% of expenses). Other salaries and wages came to $273k. At year end it held assets of $1.5m against liabilities of $28k, net assets of $1.4m. It reported 52 employees.