Legacy Foundation

Analysis

Legacy Foundation is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in June 2009, 17 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, Legacy Foundation reported income of $86k and spending of $126k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $86k (-97%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 81%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within IA. Charities of a similar size with the same main cause include Kathryn Smith Matkov Scholarship TR 09-18-1998 ($86k), Accounting Career Awareness Program ($86k) and Archer Tigers Cheer Inc ($86k).

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 $70k against liabilities of $0, net assets of $70k. It reported 5 employees.