Travel and Sports Legacy Foundation

Analysis

Travel and Sports Legacy Foundation is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Travel and Sports Legacy Foundation reported income of $52k and spending of $50k, spending 98% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $110k to $52k (-53%), an average of -53% a year. The sharpest change came in the year to September 2023, when income dropped by 53%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Travel and Sports Legacy Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Oak Cliff Records & Library ($52k), Elkhart-Glen Athletic Association Inc ($52k) and Westmont Music Boosters ($52k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $147k against liabilities of $1,600, net assets of $146k.