Larry H Spears Foundation Inc
Larry H Spears Foundation consistently operates with minimal assets and no executive compensation, often spending slightly more than it earns.
EIN: 208674980 · Dry Ridge, KY · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $139K |
| Total Expenses | $141K |
| Program Spending | 90% |
| Net Assets | $4K |
| Transparency Score | 85/100 |
Is Larry H Spears 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 H Spears Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Larry H Spears Foundation Inc
Larry H Spears Foundation Inc (EIN: 208674980) is a nonprofit organization based in Dry Ridge, KY, classified under NTEE code P40. The organization reported total revenue of $139K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Larry H Spears Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Larry H Spears Foundation Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $132K |
| Total Expenses | $141K |
| Surplus / Deficit | $-9,400 |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | -7.1% |
| Months of Reserves | 0.4 months |
Financial Health Grade: C
In 2023, Larry H Spears Foundation Inc reported a deficit of $9K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Larry H Spears Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.5% | -0.8% | -68.0% |
| 2022 | +6.3% | -4.3% | +1.5% |
| 2021 | -30.0% | -12.7% | -51.8% |
| 2020 | +100.1% | +66.3% | +312.1% |
| 2019 | -7.0% | -2.5% | -49.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 H Spears Foundation Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Larry H Spears Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $9K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size and revenue.
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 H Spears Foundation Inc's IRS 990 filings:
- Consistent operational deficits in multiple years (e.g., 202312, 202112, 201912)
- Very low asset base ($4,416 in 202312) provides minimal financial cushion
Strengths
The following positive indicators were identified for Larry H Spears Foundation Inc:
- Consistent 0% officer compensation demonstrates strong commitment to mission spending
- Zero reported liabilities across all filings indicates sound debt management
- Long operational history (13 filings) despite financial fluctuations
Frequently Asked Questions about Larry H Spears Foundation Inc
Is Larry H Spears Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Larry H Spears Foundation Inc (EIN: 208674980) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Larry H Spears Foundation Inc spend its money?
Larry H Spears Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Larry H Spears Foundation Inc tax-deductible?
Larry H Spears Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208674980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Larry H Spears Foundation Inc's spending goes to programs?
Larry H Spears Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Larry H Spears Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Larry H Spears Foundation Inc is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Larry H Spears Foundation Inc located?
Larry H Spears Foundation Inc is headquartered in Dry Ridge, Kentucky and files with the IRS under EIN 208674980. It is classified under NTEE code P40.
How many years of IRS 990 filings does Larry H Spears Foundation Inc have?
Larry H Spears Foundation Inc has 13 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 $139K in total revenue.
Is the Larry H Spears Foundation Inc. financially sustainable given its recurring deficits?
The foundation has frequently reported expenses exceeding revenue, such as in 202312 ($141,233 expenses vs. $131,833 revenue). While this has been a pattern, the organization has continued to operate for over a decade, suggesting it manages these deficits, possibly through prior year surpluses or specific funding cycles. However, consistent deficits and minimal assets ($4,416 in 202312) could pose long-term sustainability challenges.
How does the organization manage to operate with such low assets?
With assets consistently low (e.g., $4,416 in 202312), the foundation appears to operate on a near real-time cash flow basis, spending funds as they are received. This model, while lean, means there is little reserve for unexpected expenses or future growth initiatives.
What is the primary focus of the organization's spending?
Given the NTEE code P40 (Philanthropy, Voluntarism, and Grantmaking Foundations) and the absence of officer compensation, it is highly probable that the vast majority of the organization's expenses are directed towards its programmatic grants or charitable distributions, aligning with its mission as a foundation.
Filing History
IRS 990 filing history for Larry H Spears Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Larry H Spears Foundation Inc's revenue has grown by 41.9%, moving from $93K to $132K. Total assets decreased by 63.5% over the same period, from $12K to $4K. Total functional expenses rose by 40.5%, from $100K to $141K. In its most recent filing year (2023), Larry H Spears Foundation Inc reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $132K | $141K | $4K | $0 | — | View 990 |
| 2022 | $143K | $142K | $14K | $0 | — | View 990 |
| 2021 | $134K | $149K | $14K | $0 | — | — |
| 2020 | $192K | $170K | $28K | $0 | — | — |
| 2019 | $96K | $102K | $7K | $0 | — | View 990 |
| 2018 | $103K | $105K | $13K | $0 | — | View 990 |
| 2017 | $87K | $102K | $15K | $0 | — | View 990 |
| 2016 | $119K | $116K | $31K | $0 | — | View 990 |
| 2015 | $142K | $119K | $28K | $0 | — | View 990 |
| 2014 | $111K | $115K | $4K | $0 | — | View 990 |
| 2013 | $92K | $107K | $8K | $0 | — | View 990 |
| 2012 | $115K | $105K | $23K | $0 | — | View 990 |
| 2011 | $93K | $100K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $132K, expenses of $141K, and assets of $4K (revenue -7.5% year-over-year).
- 2022: Revenue of $143K, expenses of $142K, and assets of $14K (revenue +6.3% year-over-year).
- 2021: Revenue of $134K, expenses of $149K, and assets of $14K (revenue -30.0% year-over-year).
- 2020: Revenue of $192K, expenses of $170K, and assets of $28K (revenue +100.1% year-over-year).
- 2019: Revenue of $96K, expenses of $102K, and assets of $7K (revenue -7.0% year-over-year).
- 2018: Revenue of $103K, expenses of $105K, and assets of $13K (revenue +18.6% year-over-year).
- 2017: Revenue of $87K, expenses of $102K, and assets of $15K (revenue -27.0% year-over-year).
- 2016: Revenue of $119K, expenses of $116K, and assets of $31K (revenue -16.2% year-over-year).
- 2015: Revenue of $142K, expenses of $119K, and assets of $28K (revenue +27.9% year-over-year).
- 2014: Revenue of $111K, expenses of $115K, and assets of $4K (revenue +20.7% year-over-year).
- 2013: Revenue of $92K, expenses of $107K, and assets of $8K (revenue -20.3% year-over-year).
- 2012: Revenue of $115K, expenses of $105K, and assets of $23K (revenue +24.3% year-over-year).
- 2011: Revenue of $93K, expenses of $100K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Larry H Spears Foundation Inc:
Data Sources and Methodology
This transparency report for Larry H Spears 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.