32nd St Legacy Fund

Analysis

32nd St Legacy Fund is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, 32nd St Legacy Fund reported income of $165k and spending of $166k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $532k to $165k (-69%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 393%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 32nd St Legacy Fund sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within AZ. Charities of a similar size with the same main cause include Religion Outside the Box ($165k), Alcott Ministries Inc ($165k) and Sivananda Yoga Vedanta Center Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. At year end it held assets of $3.1m against liabilities of $2.4m, net assets of $637k.