The Legacy of Love Foundation Inc

Analysis

The Legacy of Love Foundation Inc is a registered charity in United States, based in Bala Cynwyd, PA. It received its IRS tax-exemption ruling in July 1987, 39 years ago. 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 June 2023, The Legacy of Love Foundation Inc reported income of $97k and spending of $63k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $58k to $97k (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 750%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Legacy of Love Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within PA. Charities of a similar size with the same main cause include Hopkinsville Christian County Youth League Inc ($97k), Wet Mountain Broadcasting Corp ($97k) and Citizens to Preserve Black Hawkpark Foundation ($97k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $865k against liabilities of $0, net assets of $865k.