Legacy Theatre Inc NFP

Analysis

Legacy Theatre Inc NFP is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in September 2014, 12 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 2023, Legacy Theatre Inc NFP reported income of $211k and spending of $173k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $301k to $211k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2023, when income rose by 397%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Legacy Theatre Inc NFP sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Media Matters for Women ($211k), Allegheny Riverstone Center for the Arts ($211k) and Broad Room Creative Collective Sacramento ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $301k against liabilities of $67k, net assets of $234k.