The Larry Payne Foundation

Analysis

The Larry Payne Foundation is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in July 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Larry Payne Foundation reported income of $309k and spending of $215k, leaving 30% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $195k to $309k (+58%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Larry Payne Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MS. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($309k), Mille Lacs Drift Skippers ($309k) and In Season and Out of Season Inc ($309k).

At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.