St Thomas Legacy Foundation

Analysis

St Thomas Legacy Foundation is a registered charity in United States, based in Medina, WA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Thomas Legacy Foundation reported income of $145k and spending of $60k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $134k to $145k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Thomas Legacy Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within WA. Charities of a similar size with the same main cause include Stepping Stone Missions ($145k), The Place Ministries Inc ($145k) and T K & True Light Ministry ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $766k against liabilities of $0, net assets of $766k.