Brendon McLarty Memorial Foundation

Analysis

Brendon McLarty Memorial Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Brendon McLarty Memorial Foundation reported income of $141k and spending of $112k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $227k to $141k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brendon McLarty Memorial Foundation sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OK. Charities of a similar size with the same main cause include Rotary Club of Ojai West Foundation Inc ($141k), Aurora Womens Empowerment Foundation ($141k) and Lift the Spirit Fund Inc ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $30k in professional fundraising fees. At year end it held assets of $251k against liabilities of $0, net assets of $251k.