Legion of Good Will

Analysis

Legion of Good Will is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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 December 2023, Legion of Good Will reported income of $883k and spending of $1.0m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $769k to $883k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legion of Good Will sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Community Christian School Society of Pease Minnesota ($883k), Texas Lyceum Association Inc ($883k) and Yadkin Arts Council Inc ($882k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $60k (5.9% of expenses). Other salaries and wages came to $518k. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $592k. It reported 19 employees.