Legacy LA Youth Development Corporation

Analysis

Legacy LA Youth Development Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Legacy LA Youth Development Corporation reported income of $3.1m and spending of $3.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $3.1m (+91%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Legacy LA Youth Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Missouri Protection and Advocacy ($3.1m), Michigan Voices ($3.1m) and New York Society for the Prevention of Cruelty to Children ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $139k (4.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $10.4m against liabilities of $393k, net assets of $10.0m. It reported 137 employees.