Larys Speakeasy

Analysis

Larys Speakeasy is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Larys Speakeasy reported income of $70k and spending of $47k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $35k to $70k (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Larys Speakeasy sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within MD. Charities of a similar size with the same main cause include Christmas in July Inc ($70k), Family Resource Services of Lonoke Inc ($70k) and Micronesia Community Development Corporation ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $163k against liabilities of $0, net assets of $163k.