The Legacy at North August Inc

Analysis

The Legacy at North August Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, The Legacy at North August Inc reported income of $6.8m and spending of $9.6m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $6.8m (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Legacy at North August Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Cincinnati Marathon Inc ($6.8m), Sojourner Family Peace Center Inc ($6.8m) and Area Agency on Aging for the Counties of Brad Sull Susq and Tio ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 93% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $24.1m against liabilities of $28.9m, net assets of -$4.9m. It reported 125 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.