Legaseas Inc

Analysis

Legaseas Inc is a registered charity in United States, based in New Richmond, OH. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Legaseas Inc reported income of $128k and spending of $320k, spending 250% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $338k to $128k (-62%), an average of -62% a year. The sharpest change came in the year to June 2023, when income dropped by 62%. Over the whole period it spent 99% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Legaseas Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within OH. Charities of a similar size with the same main cause include Texas Section Society for Range Management ($128k), Wind Dance Farm & Earth Educationcenter ($128k) and First Peoples Conservation Council of Louisiana ($128k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.