Legacy Sports Inc

Analysis

Legacy Sports Inc is a registered charity in United States, based in Waxhaw, NC. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legacy Sports Inc reported income of $133k and spending of $147k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $133k (-3.1%), an average of -3.1% a year. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Legacy Sports Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Pottstown Athletic Club ($133k), Penn-Trafford High School Hockey Club ($133k) and United 1996 Futbol Club ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $7,422 against liabilities of $2,101, net assets of $5,321.