Legacy Farms

Analysis

Legacy Farms is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in May 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 (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 Farms reported income of $394k and spending of $362k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $265k to $394k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy Farms sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Hopes Path ($394k), Douglas Braxton Inc ($394k) and Empowerment Collaborative of Long Island Inc ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $118k (33% of expenses). Other salaries and wages came to $125k. At year end it held assets of $158k against liabilities of $0, net assets of $158k. It reported 28 employees.