Legacy Ministries

Analysis

Legacy Ministries is a registered charity in United States, based in Sheridan, WY. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Ministries reported income of $457k and spending of $469k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $457k (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy Ministries sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within WY. Charities of a similar size with the same main cause include Veteran Rites Inc ($457k), Darkhorse Benefits Inc ($457k) and Bread of Life ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $98k (21% of expenses). Other salaries and wages came to $148k. At year end it held assets of $962k against liabilities of $8,533, net assets of $954k. It reported 8 employees.