The Delaware Valley Legacy Fund

Analysis

The Delaware Valley Legacy Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1995, 31 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, The Delaware Valley Legacy Fund reported income of $77k and spending of $134k, spending 175% of what it took in. Across the 6 years on record, from December 2017 to December 2023, income fell from $97k to $77k (-21%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 364%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Delaware Valley Legacy Fund 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 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include International Association of Lions Clubs ($77k), Great Cranberry Futures Group GCFG ($77k) and Persian Women in Tech ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $622, net assets of $1.0m.