The Legacy Arts Project Inc

Analysis

The Legacy Arts Project Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, The Legacy Arts Project Inc reported income of $897k and spending of $905k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $446k to $897k (+101%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Legacy Arts Project Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Society for the Preservation of Long Island Antiquities Inc ($897k), City Lights Performance Group of San Jose Inc ($897k) and Energy Education Foundation ($897k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $277k. At year end it held assets of $449k against liabilities of $13k, net assets of $436k. It reported 55 employees.