Legacy Broadcasting Inc

Analysis

Legacy Broadcasting Inc is a registered charity in United States, based in Post Falls, ID. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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, Legacy Broadcasting Inc reported income of $294k and spending of $284k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $209k to $294k (+40%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legacy Broadcasting Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within ID. Charities of a similar size with the same main cause include Itasca County Agricultural Association ($294k), PTA California Congress of Parents Teachers & Students Inc ($294k) and Society for the Experimental Analysis of Behavior Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (9.2% of expenses). Other salaries and wages came to $19k. At year end it held assets of $159k against liabilities of $382k, net assets of -$222k. It reported 10 employees.