Legacy Foundation Inc

Analysis

Legacy Foundation Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Legacy Foundation Inc reported income of $271k and spending of $262k, spending 97% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $174k to $271k (+55%), an average of +12% a year. The sharpest change came in the year to April 2023, when income rose by 24%. Over the whole period it spent 88% 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 Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Venture Jobs Foundation Inc ($271k), American Friends of Netanya College Inc ($271k) and Jefferson County Schools Public Schools Public Education FDN ($270k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 7.9% of the total. At year end it held assets of $956k against liabilities of $0, net assets of $956k.