Rescue Legacy Fund Inc

Analysis

Rescue Legacy Fund Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rescue Legacy Fund Inc reported income of $812k and spending of $937k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $812k (-63%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 36% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rescue Legacy Fund Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Kidz at Heart International ($812k), Voh Ghana ($812k) and Masters Men ($811k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 211% of the total. Compensation of current officers, directors and key employees was $100k (11% of expenses). Other salaries and wages came to $108k. At year end it held assets of $32.4m against liabilities of $53k, net assets of $32.3m. It reported 2 employees.