Larry Kings Clubhouse

Analysis

Larry Kings Clubhouse is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2001, 25 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 June 2023, Larry Kings Clubhouse reported income of $205k and spending of $263k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $256k to $205k (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Larry Kings Clubhouse sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Childrens Public Private Partnership ($205k), Bread of Life Community Food Pantry Inc ($205k) and Polynesian Association of Alaska Inc ($205k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (26% of expenses). Other salaries and wages came to $109k. At year end it held assets of $48k against liabilities of $0, net assets of $48k. It reported 5 employees.