Legacy CHM

Analysis

Legacy CHM is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legacy CHM reported income of $165k and spending of $180k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $165k (-84%), an average of -36% a year. The sharpest change came in the year to December 2021, when income dropped by 63%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Legacy CHM sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Payson Christian Clinic Inc ($165k), Childhood Cancer Society Inc ($165k) and Warren Township Rescue Squad ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $81k against liabilities of $91k, net assets of -$9,721.