Lesley & Rhyan Prather Foundation

Analysis

Lesley & Rhyan Prather Foundation is a registered charity in United States, based in Valley Sta, KY. It received its IRS tax-exemption ruling in April 2021, 5 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 (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, Lesley & Rhyan Prather Foundation reported income of $429k and spending of $380k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $265k to $429k (+62%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lesley & Rhyan Prather Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include United Way of Hernando County Inc ($429k), Parris Foundation ($429k) and William Mason Harding and Rosina Fairman Harding Foundation ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $362k against liabilities of $13k, net assets of $349k.