The Legacy Willow Bend Inc

Analysis

The Legacy Willow Bend Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Legacy Willow Bend Inc reported income of $28.3m and spending of $27.4m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $20.9m to $28.3m (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2023, when income rose by 26%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Legacy Willow Bend Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Area Agency on Aging of Central Florida Inc ($28.2m), Saint Therese of New Hope ($28.3m) and Sunset Retirement Communities Inc ($28.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 79% of the total. Other salaries and wages came to $12.2m. At year end it held assets of $74.1m against liabilities of $101.5m, net assets of -$27.4m. It reported 394 employees.