Legacy Global Foundation Inc

Analysis

Legacy Global Foundation Inc is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in May 2014, 12 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 December 2023, Legacy Global Foundation Inc reported income of $5.2m and spending of $6.9m, spending 133% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $6.1m to $5.2m (-15%), an average of -5.1% a year. The sharpest change came in the year to December 2020, when income rose by 189%. Over the whole period it spent 62% 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 Global Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include Womens Foundation of Massachusetts Inc ($5.2m), Growing Up New Mexico Inc ($5.2m) and Central Montana Foundation ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $200k (2.9% of expenses). Other salaries and wages came to $859k. At year end it held assets of $260.6m against liabilities of $13.1m, net assets of $247.5m.