NMC Legacy Fund

Analysis

NMC Legacy Fund is a registered charity in United States, based in Victor, CO. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, NMC Legacy Fund reported income of $370k and spending of $166k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $370k (-87%), an average of -40% a year. The sharpest change came in the year to December 2020, when income dropped by 87%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, NMC Legacy Fund sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Decatur City Schools Foundation ($370k), Bayit Cham ($370k) and Presbyterian Medical Services Foundation Inc ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $5.4m against liabilities of $1.5m, net assets of $3.9m.