Larry Benaroya Family Foundation
Larry Benaroya Family Foundation maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 203890382 · Mercer Island, WA · NTEE: T20 · Updated: 2026-03-28
Is Larry Benaroya Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Larry Benaroya Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Larry Benaroya Family Foundation
Larry Benaroya Family Foundation (EIN: 203890382) is a nonprofit organization based in Mercer Island, WA, classified under NTEE code T20. The organization reported total revenue of $18.6M and total assets of $16.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Larry Benaroya Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Larry Benaroya Family Foundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Larry Benaroya Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation. This is highly unusual for an organization of its asset size ($25,949,548 in 2023) and suggests a very lean operational structure, likely relying on volunteer efforts or external, non-officer support for administrative functions.
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 Larry Benaroya Family Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication of funds to mission.
- Strong and growing asset base, with $25,949,548 in 2023, ensuring long-term sustainability.
- Minimal liabilities (consistently $1), reflecting excellent financial management and low risk.
- Extensive filing history (10 filings) provides good transparency into financial operations.
- Likely high program spending ratio due to extremely low administrative overhead.
Frequently Asked Questions about Larry Benaroya Family Foundation
Is Larry Benaroya Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Larry Benaroya Family Foundation (EIN: 203890382) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Larry Benaroya Family Foundation spend its money?
Larry Benaroya Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Larry Benaroya Family Foundation tax-deductible?
Larry Benaroya Family Foundation is registered as a tax-exempt nonprofit (EIN: 203890382). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Larry Benaroya Family Foundation financially stable?
Yes, the foundation appears financially stable. It consistently holds substantial assets, reaching $25,949,548 in 2023, and reports minimal liabilities (often $1), indicating a strong balance sheet and low financial risk.
How much of the foundation's money goes to its programs?
While a precise program spending ratio isn't detailed in the provided data, the consistent reporting of 0% officer compensation strongly suggests that a very high percentage of expenses, likely over 90-95%, is directed towards grants and programmatic activities, as administrative overhead is kept extremely low.
Does the foundation pay its executives?
No, the IRS 990 filings consistently show 0% officer compensation, meaning no executives or officers are paid salaries by the Larry Benaroya Family Foundation.
Why does the foundation's revenue fluctuate so much?
Revenue fluctuations, such as the negative revenue in 2020 and the high revenue in 2022, are common for private foundations. Their income often depends heavily on investment performance, capital gains, and the timing of large contributions, which can vary significantly year to year.
Filing History
IRS 990 filing history for Larry Benaroya Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Larry Benaroya Family Foundation's revenue has declined by 54.4%, moving from $2.2M to $1.0M. Total assets increased by 285.6% over the same period, from $6.7M to $25.9M. Total functional expenses rose by 150%, from $719K to $1.8M. In its most recent filing year (2023), Larry Benaroya Family Foundation reported a deficit of $790K, with expenses exceeding revenue. The organization holds $1 in liabilities against $25.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $25.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.8M | $25.9M | $1 | — | — |
| 2022 | $15.2M | $377K | $26.7M | $1 | — | View 990 |
| 2021 | $465K | $140K | $11.9M | $1 | — | View 990 |
| 2020 | $-1,005,124 | $605K | $11.6M | $1 | — | — |
| 2019 | $81K | $700K | $13.2M | $1 | — | View 990 |
| 2015 | $893K | $932K | $13.1M | $1 | — | View 990 |
| 2014 | $2.2M | $499K | $13.1M | $0 | — | View 990 |
| 2013 | $4.8M | $619K | $11.4M | $0 | — | View 990 |
| 2012 | $448K | $620K | $6.6M | $0 | — | View 990 |
| 2011 | $2.2M | $719K | $6.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.8M, and assets of $25.9M (revenue -93.4% year-over-year).
- 2022: Revenue of $15.2M, expenses of $377K, and assets of $26.7M (revenue +3173.7% year-over-year).
- 2021: Revenue of $465K, expenses of $140K, and assets of $11.9M.
- 2020: Revenue of $-1,005,124, expenses of $605K, and assets of $11.6M (revenue -1346.7% year-over-year).
- 2019: Revenue of $81K, expenses of $700K, and assets of $13.2M (revenue -91.0% year-over-year).
- 2015: Revenue of $893K, expenses of $932K, and assets of $13.1M (revenue -60.2% year-over-year).
- 2014: Revenue of $2.2M, expenses of $499K, and assets of $13.1M (revenue -52.9% year-over-year).
- 2013: Revenue of $4.8M, expenses of $619K, and assets of $11.4M (revenue +962.5% year-over-year).
- 2012: Revenue of $448K, expenses of $620K, and assets of $6.6M (revenue -79.7% year-over-year).
- 2011: Revenue of $2.2M, expenses of $719K, and assets of $6.7M.
Data Sources and Methodology
This transparency report for Larry Benaroya Family Foundation 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.