Legacy Senior Communities Inc

Analysis

Legacy Senior Communities Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Legacy Senior Communities Inc reported income of $3.5m and spending of $3.0m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $3.5m (+120%), an average of +22% a year. The sharpest change came in the year to September 2023, when income rose by 52%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Legacy Senior Communities Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Sesame Flyers International Inc ($3.5m), American Friends of Yagdil Torah Inc ($3.5m) and Young Concert Artists Inc ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.8m (59% of expenses). Other salaries and wages came to $35k. At year end it held assets of $945k against liabilities of $448k, net assets of $497k. It reported 37 employees.