Hanson Larsen Memorial Park Foundation Inc
Hanson Larsen Memorial Park Foundation maintains substantial assets with volunteer leadership and minimal liabilities.
EIN: 201969477 · Rapid City, SD · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $450K |
| Total Expenses | $98K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $4.1M |
| Transparency Score | 95/100 |
Is Hanson Larsen Memorial Park Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hanson Larsen Memorial Park Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hanson Larsen Memorial Park Foundation Inc
Hanson Larsen Memorial Park Foundation Inc (EIN: 201969477) is a nonprofit organization based in Rapid City, SD, classified under NTEE code N32. The organization reported total revenue of $450K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hanson Larsen Memorial Park Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hanson Larsen Memorial Park Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $98K |
| Surplus / Deficit | $-14,058 |
| Total Assets | $4.1M |
| Total Liabilities | $1 |
| Net Assets | $4.1M |
| Operating Margin | -16.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 499.4 months |
Financial Health Grade: B
In 2023, Hanson Larsen Memorial Park Foundation Inc reported a deficit of $14K with expenses exceeding revenue, holds 499.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hanson Larsen Memorial Park Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.9% | -1.6% | -0.3% |
| 2022 | -36.7% | -18.6% | +1.4% |
| 2021 | +229.7% | +26.1% | +3.1% |
| 2020 | -6.3% | -7.3% | -0.6% |
| 2019 | -6.3% | -22.5% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hanson Larsen Memorial Park Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Hanson Larsen Memorial Park Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with over $4 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Hanson Larsen Memorial Park Foundation Inc:
- Substantial asset base ($4,054,399) providing long-term stability.
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Minimal liabilities ($1), demonstrating excellent financial health and low debt risk.
- Consistent IRS 990 filing history over a decade, showing commitment to transparency.
- Conservative expense management relative to asset size, ensuring sustainability.
Frequently Asked Questions about Hanson Larsen Memorial Park Foundation Inc
Is Hanson Larsen Memorial Park Foundation Inc a legitimate charity?
Hanson Larsen Memorial Park Foundation Inc (EIN: 201969477) is a registered tax-exempt nonprofit based in South Dakota. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $450K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Hanson Larsen Memorial Park Foundation Inc spend its money?
Hanson Larsen Memorial Park Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hanson Larsen Memorial Park Foundation Inc tax-deductible?
Hanson Larsen Memorial Park Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201969477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hanson Larsen Memorial Park Foundation Inc CEO make?
Hanson Larsen Memorial Park Foundation Inc's highest-compensated officer earns $4 annually. The organization reported $450K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Hanson Larsen Memorial Park Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Hanson Larsen Memorial Park Foundation Inc is above average for NTEE category N32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hanson Larsen Memorial Park Foundation Inc located?
Hanson Larsen Memorial Park Foundation Inc is headquartered in Rapid City, South Dakota and files with the IRS under EIN 201969477. It is classified under NTEE code N32.
How many years of IRS 990 filings does Hanson Larsen Memorial Park Foundation Inc have?
Hanson Larsen Memorial Park Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $450K in total revenue.
Is Hanson Larsen Memorial Park Foundation Inc a good charity?
Based on the provided financial data, the foundation appears to be a very good charity. It has substantial assets ($4,054,399), minimal liabilities ($1), and consistently reports 0% officer compensation, indicating strong financial stewardship and volunteer leadership.
How does the organization manage its expenses?
The organization manages its expenses very conservatively. Annual expenses have typically been under $200,000, even with assets exceeding $4 million. For example, in 2023, expenses were $97,854 against assets of $4,072,055. This suggests a focus on long-term sustainability and efficient use of funds.
What is the trend in the organization's revenue?
Revenue has fluctuated, but the latest reported revenue of $449,632 is significantly higher than previous years, which typically ranged from $74,277 to $244,892. This indicates a positive trend in fundraising or investment income.
Does the organization have any debt?
No, the organization has virtually no debt. Liabilities have consistently been reported as $1 or $0 across all available filings, demonstrating excellent financial health and risk management.
Filing History
IRS 990 filing history for Hanson Larsen Memorial Park Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hanson Larsen Memorial Park Foundation Inc's revenue has grown by 260%, moving from $23K to $84K. Total assets decreased by 9.3% over the same period, from $4.5M to $4.1M. Total functional expenses rose by 361.6%, from $21K to $98K. In its most recent filing year (2023), Hanson Larsen Memorial Park Foundation Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $84K | $98K | $4.1M | $1 | — | View 990 |
| 2022 | $155K | $99K | $4.1M | $1 | — | View 990 |
| 2021 | $245K | $122K | $4.0M | $1 | — | View 990 |
| 2020 | $74K | $97K | $3.9M | $1 | — | — |
| 2019 | $79K | $104K | $3.9M | $1 | — | View 990 |
| 2015 | $85K | $135K | $4.1M | $0 | — | View 990 |
| 2014 | $99K | $199K | $4.1M | $0 | — | View 990 |
| 2013 | $116K | $171K | $4.2M | $0 | — | View 990 |
| 2012 | $82K | $172K | $4.3M | $0 | — | View 990 |
| 2011 | $23K | $21K | $4.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $84K, expenses of $98K, and assets of $4.1M (revenue -45.9% year-over-year).
- 2022: Revenue of $155K, expenses of $99K, and assets of $4.1M (revenue -36.7% year-over-year).
- 2021: Revenue of $245K, expenses of $122K, and assets of $4.0M (revenue +229.7% year-over-year).
- 2020: Revenue of $74K, expenses of $97K, and assets of $3.9M (revenue -6.3% year-over-year).
- 2019: Revenue of $79K, expenses of $104K, and assets of $3.9M (revenue -6.3% year-over-year).
- 2015: Revenue of $85K, expenses of $135K, and assets of $4.1M (revenue -14.4% year-over-year).
- 2014: Revenue of $99K, expenses of $199K, and assets of $4.1M (revenue -14.8% year-over-year).
- 2013: Revenue of $116K, expenses of $171K, and assets of $4.2M (revenue +41.5% year-over-year).
- 2012: Revenue of $82K, expenses of $172K, and assets of $4.3M (revenue +251.8% year-over-year).
- 2011: Revenue of $23K, expenses of $21K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hanson Larsen Memorial Park Foundation Inc:
Data Sources and Methodology
This transparency report for Hanson Larsen Memorial Park Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.