Legacies of Success Community Development Corporation

Analysis

Legacies of Success Community Development Corporation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Legacies of Success Community Development Corporation reported income of $105k and spending of $169k, spending 161% of what it took in. Across the 4 years on record, from October 2021 to December 2023, income fell from $171k to $105k (-38%), an average of -15% a year. The sharpest change came in the year to December 2023, when income rose by 365%. Over the whole period it spent 102% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Legacies of Success Community Development Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include Dekalb Wrestling Club Incorporated ($105k), Austin Cops for Charities ($106k) and Macon-Bibb Law Enforcement Foundation Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $54k (32% of expenses). At year end it held assets of $502k against liabilities of $5,001, net assets of $497k. It reported 1 employees.