Quick charity verification for Harold B Larson Charitable And Test Tr (EIN: 206553630)
Verdict: Harold B Larson Charitable And Test Tr appears trustworthy
85/100Mission Score
$1.8MRevenue
$6.6MAssets
2Red Flags
4Strengths
Red Flags
Consistent annual expenses exceeding annual revenue, indicating reliance on asset drawdowns which could impact long-term sustainability if not managed carefully.
Significant year-over-year revenue volatility (e.g., $1.6M in 2022 to $98K in 2023) makes financial planning and consistent grant-making potentially challenging without a strong endowment.
Strengths
Zero reported officer compensation across all filings, indicating highly efficient use of funds by minimizing executive overhead.
Substantial and stable asset base, consistently above $5 million, providing a strong foundation for its charitable activities.
Consistent deployment of funds for charitable purposes, with expenses regularly incurred, demonstrating active engagement in its mission.
Low liabilities ($1 in most recent filings), indicating strong financial management and minimal debt.
Spending Breakdown
How Harold B Larson Charitable And Test Tr allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Harold B Larson Charitable And Test Tr
Is Harold B Larson Charitable And Test Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Harold B Larson Charitable And Test Tr (EIN: 206553630) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Harold B Larson Charitable And Test Tr a good charity to donate to?
Harold B Larson Charitable And Test Tr has a Mission Score of 85/100. Revenue: $1.8M. Assets: $6.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harold B Larson Charitable And Test Tr?
The Employer Identification Number (EIN) for Harold B Larson Charitable And Test Tr is 206553630. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Harold B Larson Charitable And Test Tr spend its money?
Harold B Larson Charitable And Test Tr allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harold B Larson Charitable And Test Tr's tax-exempt status?
You can verify Harold B Larson Charitable And Test Tr's tax-exempt status using EIN 206553630 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Harold B Larson Charitable And Test Tr demonstrates a unique financial profile, primarily operating as a grant-making foundation rather than a direct service provider. Its financial health appears stable, with assets consistently above $5 million over the past decade, reaching $6,809,267 in 2023. Revenue has fluctuated significantly, from a low of $98,654 in 2023 to a high of $1,610,595 in 2022, indicating reliance on investment returns or large, infrequent contributions. A notable aspect is the consistent reporting of zero officer compensation across all available filings, which suggests a volunteer-led or externally managed structure, contributing positively to spending efficiency by minimizing administrative overhead related to salaries. However, the organization consistently spends more than its annual revenue in most years, as seen in 2023 where expenses were $509,674 against revenue of $98,654, indicating it draws from its asset base to fund its charitable activities. This is a common practice for foundations but warrants monitoring to ensure long-term sustainability.