Legacy Childrens Foundation

Analysis

Legacy Childrens Foundation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 July 2024, Legacy Childrens Foundation reported income of $456k and spending of $705k, spending 155% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $510k to $456k (-11%), an average of -2.8% a year. The sharpest change came in the year to July 2021, when income rose by 158%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Legacy Childrens Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within ND. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($456k), Chicago Mobile Makers ($456k) and Chicag0-Lawndale Amachi Mentoring Program Lamp ($456k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $90k (13% of expenses). Other salaries and wages came to $209k. At year end it held assets of $1.6m against liabilities of $76k, net assets of $1.5m. It reported 35 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.