Larry And Anne Glenn Foundation Inc
Larry And Anne Glenn Foundation Inc. shows fluctuating revenues and expenses with no officer compensation.
EIN: 113380037 · Newport, RI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $397K |
| Total Expenses | $110K |
| Program Spending | 80% |
| Net Assets | $79K |
| Transparency Score | 70/100 |
Is Larry And Anne Glenn Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Larry And Anne Glenn Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Larry And Anne Glenn Foundation Inc
Larry And Anne Glenn Foundation Inc (EIN: 113380037) is a nonprofit organization based in Newport, RI, classified under NTEE code T20. The organization reported total revenue of $397K and total assets of $164K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Larry And Anne Glenn Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Larry And Anne Glenn Foundation Inc is a small nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $119K |
| Total Expenses | $110K |
| Surplus / Deficit | +$8K |
| Total Assets | $79K |
| Total Liabilities | $1 |
| Net Assets | $79K |
| Operating Margin | 7.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 8.6 months |
Financial Health Grade: A
In 2023, Larry And Anne Glenn Foundation Inc reported a surplus of $8K with revenue exceeding expenses, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.3% | +101.1% | +11.9% |
| 2022 | +266.8% | -36.2% | -15.8% |
| 2021 | +58.5% | -18.9% | -24.3% |
| 2020 | -93.1% | +246.6% | -47.2% |
| 2019 | +2687.1% | +169.9% | +37.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Larry And Anne Glenn Foundation Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Larry And Anne Glenn Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly favorable for donor confidence and efficient use of funds.
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 Larry And Anne Glenn Foundation Inc's IRS 990 filings:
- Significant fluctuations in annual revenue and expenses, making financial planning and stability uncertain (e.g., $-103,052 revenue in 2011 vs. $197,105 in 2019).
- Long-term decline in assets from $185,549 in 2011 to $79,408 in 2023, suggesting a potential draw-down of reserves.
Strengths
The following positive indicators were identified for Larry And Anne Glenn Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Low liabilities across most filing periods, demonstrating good debt management.
- Consistent filing of IRS Form 990s, indicating transparency and compliance.
Frequently Asked Questions about Larry And Anne Glenn Foundation Inc
Is Larry And Anne Glenn Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Larry And Anne Glenn Foundation Inc (EIN: 113380037) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Larry And Anne Glenn Foundation Inc spend its money?
Larry And Anne Glenn Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Larry And Anne Glenn Foundation Inc tax-deductible?
Larry And Anne Glenn Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113380037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Larry And Anne Glenn Foundation Inc's spending goes to programs?
Larry And Anne Glenn Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Larry And Anne Glenn Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Larry And Anne Glenn Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Larry And Anne Glenn Foundation Inc located?
Larry And Anne Glenn Foundation Inc is headquartered in Newport, Rhode Island and files with the IRS under EIN 113380037. It is classified under NTEE code T20.
How many years of IRS 990 filings does Larry And Anne Glenn Foundation Inc have?
Larry And Anne Glenn 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 $397K in total revenue.
What is the primary focus of the grants or programs funded by the Larry And Anne Glenn Foundation Inc.?
Based on the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), the organization primarily operates as a grantmaking entity. However, specific details on the types of grants or programs funded are not available in the provided financial summary.
Why did the organization report negative revenue in 2011?
The filing for Period 201112 shows a revenue of $-103,052. This could be due to significant investment losses, returns of prior year grants, or accounting adjustments, but the exact reason is not detailed in the provided data.
What caused the significant increase in revenue in 2019 to $197,105?
The provided data does not specify the source of the substantial revenue increase in 2019. It could be due to a large donation, a successful fundraising campaign, or investment gains.
Filing History
IRS 990 filing history for Larry And Anne Glenn Foundation Inc showing financial trends over 10 years of public records:
Total assets decreased by 57.2% over the same period, from $186K to $79K. Total functional expenses rose by 708.2%, from $14K to $110K. In its most recent filing year (2023), Larry And Anne Glenn Foundation Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $1 in liabilities against $79K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $79K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $119K | $110K | $79K | $1 | — | View 990 |
| 2022 | $79K | $55K | $71K | $1 | — | View 990 |
| 2021 | $22K | $86K | $84K | $37K | — | View 990 |
| 2020 | $14K | $106K | $111K | $1 | — | View 990 |
| 2019 | $197K | $31K | $211K | $7K | — | — |
| 2015 | $7K | $11K | $153K | $1 | — | View 990 |
| 2014 | $5K | $12K | $157K | $1 | — | View 990 |
| 2013 | $5K | $12K | $165K | $1 | — | View 990 |
| 2012 | $848 | $15K | $172K | $1 | — | View 990 |
| 2011 | $-103,052 | $14K | $186K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $119K, expenses of $110K, and assets of $79K (revenue +50.3% year-over-year).
- 2022: Revenue of $79K, expenses of $55K, and assets of $71K (revenue +266.8% year-over-year).
- 2021: Revenue of $22K, expenses of $86K, and assets of $84K (revenue +58.5% year-over-year).
- 2020: Revenue of $14K, expenses of $106K, and assets of $111K (revenue -93.1% year-over-year).
- 2019: Revenue of $197K, expenses of $31K, and assets of $211K (revenue +2687.1% year-over-year).
- 2015: Revenue of $7K, expenses of $11K, and assets of $153K (revenue +35.8% year-over-year).
- 2014: Revenue of $5K, expenses of $12K, and assets of $157K (revenue -2.9% year-over-year).
- 2013: Revenue of $5K, expenses of $12K, and assets of $165K (revenue +532.3% year-over-year).
- 2012: Revenue of $848, expenses of $15K, and assets of $172K.
- 2011: Revenue of $-103,052, expenses of $14K, and assets of $186K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Larry And Anne Glenn Foundation Inc:
Data Sources and Methodology
This transparency report for Larry And Anne Glenn 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.