Legacy Echn Inc

Analysis

Legacy Echn Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Legacy Echn Inc reported income of $128k and spending of $683k, spending 536% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $811k to $128k (-84%), an average of -46% a year. The sharpest change came in the year to September 2022, when income dropped by 67%. Over the whole period it spent 193% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Legacy Echn Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within CT. Charities of a similar size with the same main cause include Stayin Alive Inc ($128k), Childrens Emergency Care Alliance of Tennessee ($128k) and Accessible Yoga ($128k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $14.8m against liabilities of $711k, net assets of $14.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.