Legacy Family Ministries

Analysis

Legacy Family Ministries is a registered charity in United States, based in Gunnison, CO. It received its IRS tax-exemption ruling in September 2013, 13 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, Legacy Family Ministries reported income of $226k and spending of $206k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $145k to $226k (+55%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy Family Ministries sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CO. Charities of a similar size with the same main cause include Children of Christ Home Inc ($226k), Reynolds County Council on Aging ($226k) and Kids in Crisis Intervention Team Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $45k (22% of expenses). Other salaries and wages came to $77k. At year end it held assets of $89k against liabilities of $11k, net assets of $78k. It reported 5 employees.