Harold B Larson Charitable And Test Tr
Harold B Larson Charitable Trust consistently spends more than annual revenue, relying on its asset base with zero reported officer compensation.
EIN: 206553630 · Salt Lake Cty, UT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $510K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6.8 |
| Net Assets | $6.8M |
| Transparency Score | 85/100 |
Is Harold B Larson Charitable And Test Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harold B Larson Charitable And Test Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harold B Larson Charitable And Test Tr
Harold B Larson Charitable And Test Tr (EIN: 206553630) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T22. The organization reported total revenue of $1.8M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harold B Larson Charitable And Test Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harold B Larson Charitable And Test Tr is a mid-size 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 -7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $510K |
| Surplus / Deficit | $-411,020 |
| Total Assets | $6.8M |
| Total Liabilities | $1 |
| Net Assets | $6.8M |
| Operating Margin | -416.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 160.3 months |
Financial Health Grade: B
In 2023, Harold B Larson Charitable And Test Tr reported a deficit of $411K with expenses exceeding revenue, holds 160.3 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), Harold B Larson Charitable And Test Tr's revenue has declined at a compound annual growth rate (CAGR) of -7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -93.9% | +10.3% | -5.8% |
| 2022 | +128.3% | +18.1% | +18.8% |
| 2021 | +181.8% | +2.1% | +17.0% |
| 2020 | +35.7% | -1.9% | -2.9% |
| 2019 | -65.6% | -8.2% | -2.3% |
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 Harold B Larson Charitable And Test Tr with a Mission Score of 85 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, Harold B Larson Charitable And Test Tr 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 $411K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating a volunteer-led board or external management without direct salary payments, which is highly efficient for an organization of its asset size ($6.8 million in 2023).
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.
Red Flags
The following concerns were identified during AI analysis of Harold B Larson Charitable And Test Tr's IRS 990 filings:
- 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
The following positive indicators were identified for Harold B Larson Charitable And Test Tr:
- 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.
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) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Harold B Larson Charitable And Test Tr spend its money?
Harold B Larson Charitable And Test Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harold B Larson Charitable And Test Tr tax-deductible?
Harold B Larson Charitable And Test Tr is registered as a tax-exempt nonprofit (EIN: 206553630). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harold B Larson Charitable And Test Tr CEO make?
Harold B Larson Charitable And Test Tr's highest-compensated officer earns $6.8 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Harold B Larson Charitable And Test Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Harold B Larson Charitable And Test Tr is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harold B Larson Charitable And Test Tr located?
Harold B Larson Charitable And Test Tr is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 206553630. It is classified under NTEE code T22.
How many years of IRS 990 filings does Harold B Larson Charitable And Test Tr have?
Harold B Larson Charitable And Test Tr 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 $1.8M in total revenue.
Is Harold B Larson Charitable And Test Tr a good charity?
As a grant-making trust with zero reported officer compensation and substantial assets, it appears to be an efficient vehicle for charitable giving. Its consistent spending, often exceeding annual revenue, suggests active deployment of its endowment for its mission.
How does the organization fund its operations given fluctuating revenue?
The organization primarily funds its operations and grants through its substantial asset base, as evidenced by expenses frequently exceeding annual revenue (e.g., $509,674 expenses vs. $98,654 revenue in 2023).
What is the typical administrative overhead for this organization?
Given the zero reported officer compensation and the nature of a grant-making trust, administrative overhead is likely very low, primarily consisting of investment management fees and other operational costs not related to salaries.
Filing History
IRS 990 filing history for Harold B Larson Charitable And Test Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harold B Larson Charitable And Test Tr's revenue has declined by 62.8%, moving from $266K to $99K. Total assets increased by 22.3% over the same period, from $5.6M to $6.8M. Total functional expenses rose by 34%, from $380K to $510K. In its most recent filing year (2023), Harold B Larson Charitable And Test Tr reported a deficit of $411K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $510K | $6.8M | $1 | — | View 990 |
| 2022 | $1.6M | $462K | $7.2M | $1 | — | View 990 |
| 2021 | $706K | $392K | $6.1M | $1 | — | — |
| 2020 | $250K | $384K | $5.2M | $1 | — | View 990 |
| 2019 | $185K | $391K | $5.4M | $1 | — | View 990 |
| 2015 | $537K | $426K | $5.5M | $1 | — | View 990 |
| 2014 | $304K | $403K | $5.4M | $1 | — | View 990 |
| 2013 | $317K | $381K | $5.5M | $1 | — | View 990 |
| 2012 | $349K | $388K | $5.5M | $0 | — | View 990 |
| 2011 | $266K | $380K | $5.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $510K, and assets of $6.8M (revenue -93.9% year-over-year).
- 2022: Revenue of $1.6M, expenses of $462K, and assets of $7.2M (revenue +128.3% year-over-year).
- 2021: Revenue of $706K, expenses of $392K, and assets of $6.1M (revenue +181.8% year-over-year).
- 2020: Revenue of $250K, expenses of $384K, and assets of $5.2M (revenue +35.7% year-over-year).
- 2019: Revenue of $185K, expenses of $391K, and assets of $5.4M (revenue -65.6% year-over-year).
- 2015: Revenue of $537K, expenses of $426K, and assets of $5.5M (revenue +76.5% year-over-year).
- 2014: Revenue of $304K, expenses of $403K, and assets of $5.4M (revenue -3.9% year-over-year).
- 2013: Revenue of $317K, expenses of $381K, and assets of $5.5M (revenue -9.2% year-over-year).
- 2012: Revenue of $349K, expenses of $388K, and assets of $5.5M (revenue +31.4% year-over-year).
- 2011: Revenue of $266K, expenses of $380K, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harold B Larson Charitable And Test Tr:
Data Sources and Methodology
This transparency report for Harold B Larson Charitable And Test Tr 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.