Legacy Healthcare Services Inc

Analysis

Legacy Healthcare Services Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Healthcare Services Inc reported income of $140.2m and spending of $130.6m, spending 93% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $55.7m to $140.2m (+152%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 133%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Legacy Healthcare Services Inc 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 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include St Marys Hospital Medical Center of Green Bay Inc ($140.1m), Vna Health Group of New Jersey LLC ($141.3m) and Morristown Hamblen Hosp ($140.1m).

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 $1.6m (1.2% of expenses). Other salaries and wages came to $100.9m. At year end it held assets of $128.4m against liabilities of $11.8m, net assets of $116.6m. It reported 3,182 employees.