The Legacy at Home Inc

Analysis

The Legacy at Home Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, The Legacy at Home Inc reported income of $10.6m and spending of $8.6m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.0m to $10.6m (+113%), an average of +21% a year. The sharpest change came in the year to September 2023, when income rose by 36%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Legacy at Home Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Urban League of Palm Beach County a ND Treasure Coast Inc ($10.6m), Minnesota Masonic Charities Funds ($10.6m) and Gateways to Change Inc ($10.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $1.6m against liabilities of $729k, net assets of $912k. It reported 236 employees.