Legends of Gold Inc

Analysis

Legends of Gold Inc is a registered charity in United States, based in Beresford, SD. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Legends of Gold Inc reported income of $447k and spending of $437k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $404k to $447k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Legends of Gold Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within SD. Charities of a similar size with the same main cause include Renegades ($447k), Fishhawk Youth Baseball ($447k) and Little East Conference ($447k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $542k against liabilities of $17k, net assets of $525k.