Keta Legacy Foundation

Analysis

Keta Legacy Foundation is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in May 1969, 57 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 December 2023, Keta Legacy Foundation reported income of $553k and spending of $396k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $553k (+367%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 586%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Keta Legacy Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Florida Health Care Education & Development Foundation Inc ($553k), Civic Youth Orchestra Inc ($553k) and Metropolitan Fair Housing Council of Oklahoma Inc ($553k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $44k. At year end it held assets of $4.9m against liabilities of $1,948, net assets of $4.9m. It reported 4 employees.