Legacy III Inc

Analysis

Legacy III Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in June 1996, 30 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 III Inc reported income of $790k and spending of $816k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $778k to $790k (+1.4%), an average of +0.4% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy III Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Angier After School Care Program Inc ($789k), San Jacinto Mountain Community Center Inc ($790k) and Leech Lake Financial Services Inc ($789k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 5.8% of the total. Other salaries and wages came to $443k. At year end it held assets of $1.2m against liabilities of $261k, net assets of $914k. It reported 21 employees.