The Ivy Legacy Foundation

Analysis

The Ivy Legacy Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Ivy Legacy Foundation reported income of $146k and spending of $100k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $89k to $146k (+65%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Ivy Legacy Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Leap International Inc ($146k), Edwin Rhodes Elementary Parent Faculty Association ($146k) and Gamma Pi Boule Foundation ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 0.8% of the total. At year end it held assets of $310k against liabilities of $0, net assets of $310k.