Kyle Larson Foundation

Analysis

Kyle Larson Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2021, 5 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, Kyle Larson Foundation reported income of $135k and spending of $94k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $135k (-13%), an average of -13% a year. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kyle Larson Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Families Instructing Students at Home Inc ($135k), Off Center Thrift and Gift ($135k) and Star-Fish Inc ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $140k against liabilities of $1,985, net assets of $138k.