Carlos Legacy

Analysis

Carlos Legacy is a registered charity in United States, based in Roslyn, NY. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Carlos Legacy reported income of $656k and spending of $532k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $584k to $656k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carlos Legacy 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 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Integrate Autism Employment Advisors Inc ($656k), Iowa Agriculture Literacy Foundation ($656k) and Riverside County Professional Firefighters Benevolent Fund ($656k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $98k (18% of expenses). Other salaries and wages came to $241k. At year end it held assets of $867k against liabilities of $219k, net assets of $648k. It reported 9 employees.