Lucys Legacy Foundation Inc

Analysis

Lucys Legacy Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1943, 83 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2020, Lucys Legacy Foundation Inc reported income of $101k and spending of $170k, spending 168% of what it took in. Across the 2 years on record, from March 2019 to March 2020, income grew from $83k to $101k (+22%), an average of +22% a year. The sharpest change came in the year to March 2020, when income rose by 22%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lucys Legacy Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Lost Province Center for the Cultural Arts ($101k), Milton Choir Parents Inc ($101k) and Hughes Schools ($101k).

At year end it held assets of $2.4m against liabilities of $8,201, net assets of $2.4m.