Legacy Ministries International

Analysis

Legacy Ministries International is a registered charity in United States, based in Miamisburg, OH. It received its IRS tax-exemption ruling in June 2000, 26 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 June 2023, Legacy Ministries International reported income of $10.6m and spending of $10.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $10.6m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Legacy Ministries International sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Berrien Community Foundation Inc ($10.6m), Global Impact Investing Network Inc ($10.6m) and Community Foundation Serving Western Virginia ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $366k (3.5% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $21.6m against liabilities of $1.1m, net assets of $20.6m. It reported 306 employees.