Lonestar Legacy

Analysis

Lonestar Legacy is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lonestar Legacy reported income of $79k and spending of $79k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $125k to $79k (-37%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lonestar Legacy sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Breast Reconstruction Org Inc ($79k), LLK Foundation ($79k) and Mary Russoniello Charitable Foundation ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.