Legacy Inc

Analysis

Legacy Inc is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in June 2013, 13 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 December 2023, Legacy Inc reported income of $231k and spending of $165k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $231k (+128%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Lyons Valley Preschool ($231k), Schelastic Academy ($231k) and Hearthstone the Whole Family Learning Center ($231k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $59k (36% of expenses). At year end it held assets of $142k against liabilities of $0, net assets of $142k. It reported 1 employees.