Legacy Ladies Inc

Analysis

Legacy Ladies Inc is a registered charity in United States, based in Calabasas, CA. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Legacy Ladies Inc reported income of $57k and spending of $83k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $98k to $57k (-42%), an average of -13% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy Ladies Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Neighbors in Christ Inc ($57k), Women Within International Ltd ($57k) and Agape Marketplace ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 221% and program service revenue 44% of the total. At year end it held assets of $415k against liabilities of $0, net assets of $415k.