Gay R Larsen Charitable Education Tr
Only null% goes to programs Strong reserves Growing revenue
Gay R Larsen Charitable Education Tr is a 501(c)(3) organization based in Wheeling, West Virginia, registered in 1996, with $187,552 in FY2024 revenue. CharityIndex grades it B.
1 Bank Plz, Wheeling, WV, 26003 EIN 55-6128918 Since 1996
Revenue (FY2024)
$188K
▲ 150.6% vs prior year
Education median: $200K
Expenses (FY2024)
$105K
Net assets
$1.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Gay R Larsen Charitable Education Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating168 mo reserves · +44% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Gay R Larsen Charitable Education Tr: 168 mo reserves · +44% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Gay R Larsen Charitable Education Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Gay R Larsen Charitable Education Tr: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1 Bank Plz, Wheeling, WV, 26003
- City
- Wheeling
- State
- West Virginia
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue grew from $109K (FY2013) to $188K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.5M
Operating margin
43.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$0
Net assets
$1.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $187,552▲151% | $105,301▲13.7% | $1,476,019▲5.9% | $1,476,919▲6.0% | 990PF |
| 2023 | $74,832▼48.4% | $92,616▲4.6% | $1,393,768▼1.3% | $1,393,768▼1.3% | 990PF |
| 2022 | $145,098▲90.1% | $88,575▼1.6% | $1,411,551▲4.2% | $1,411,551▲4.2% | 990PF |
| 2021 | $76,334▼21.6% | $89,984▲8.6% | $1,355,028▼1.0% | $1,355,028▼1.0% | 990PF |
| 2020 | $97,355▲37.3% | $82,875▼2.5% | $1,368,678▲1.1% | $1,368,678▲1.1% | 990PF |
| 2019 | $70,889▼51.0% | $85,019▼15.1% | $1,354,198▼1.0% | $1,354,198▼1.0% | 990PF |
| 2018 | $144,639▲27.9% | $100,136▲8.4% | $1,368,328▲3.4% | $1,368,328▲3.4% | 990PF |
| 2017 | $113,058▲54.7% | $92,347▼8.8% | $1,323,825▲1.6% | $1,323,825▲1.6% | 990PF |
| 2016 | $73,093▼45.6% | $101,286▼10.8% | $1,303,111▼2.1% | $1,303,111▼2.1% | 990PF |
| 2015 | $134,281▲51.9% | $113,575▲6.0% | $1,331,307▲1.6% | $1,331,307▲1.6% | 990PF |
| 2014 | $88,411▼19.1% | $107,149▼4.4% | $1,310,598▼1.4% | $1,310,598▼1.4% | 990PF |
| 2013 | $109,237 | $112,098▲4.9% | $1,329,335▼0.2% | $1,329,335▼0.2% | 990PF |
| 2012 | — | $106,872▲22.0% | $1,332,196▼0.5% | $1,332,196▼0.5% | 990PF |
| 2011 | — | $87,575 | $1,338,325 | $1,338,325 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Gay R Larsen Charitable Education Tr a legitimate nonprofit?
- Yes. Gay R Larsen Charitable Education Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 55-6128918, based in Wheeling, West Virginia. Donations are tax-deductible.
- What is Gay R Larsen Charitable Education Tr's EIN?
- Gay R Larsen Charitable Education Tr's Employer Identification Number (EIN) is 55-6128918.
- How much revenue does Gay R Larsen Charitable Education Tr report?
- Gay R Larsen Charitable Education Tr reported $187,552 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Gay R Larsen Charitable Education Tr have?
- CharityIndex grades Gay R Larsen Charitable Education Tr B, based on financial health (reserves and operating margin).
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Data for Gay R Larsen Charitable Education Tr (EIN 55-6128918) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.