Legacy of Life Foundation

Analysis

Legacy of Life Foundation is a registered charity in United States, based in Yardley, PA. It received its IRS tax-exemption ruling in February 2012, 14 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 (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 of Life Foundation reported income of $2.9m and spending of $2.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.9m (+107%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 75% 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 of Life Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Birmingham Civil Rights Institute ($2.9m), Kwi ($2.9m) and United Way of Clallam County ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $4.4m against liabilities of $1.1m, net assets of $3.3m. It reported 27 employees.