Legacy Endowment-The Community Foundation

Analysis

Legacy Endowment-The Community Foundation is a registered charity in United States, based in Bonsall, CA. It received its IRS tax-exemption ruling in April 1995, 31 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 Endowment-The Community Foundation reported income of $1.0m and spending of $895k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $767k to $1.0m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2020, when income dropped by 66%. Over the whole period it spent 123% 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 Endowment-The Community Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include San Diego Womens Foundation ($1.0m), Grow & Lead - Community and Youth Development ($1.0m) and United Way of South Central Massachusetts Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $118k. At year end it held assets of $13.4m against liabilities of $1.3m, net assets of $12.1m. It reported 2 employees.