Entrusted Legacy

Analysis

Entrusted Legacy is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in September 2018, 8 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, Entrusted Legacy reported income of $514k and spending of $498k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $249k to $514k (+106%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Entrusted Legacy sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Chicago School of Violin Making Inc ($514k), True Knight Home School Academy ($514k) and STEM Kids NYC ($514k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $44k (8.8% of expenses). Other salaries and wages came to $352k. At year end it held assets of $89k against liabilities of $0, net assets of $89k. It reported 38 employees.