The Legacy Foundation of Hartford Inc

Analysis

The Legacy Foundation of Hartford Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, The Legacy Foundation of Hartford Inc reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $302k to $1.1m (+262%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 131%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Legacy Foundation of Hartford Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Lokahi Treatment Centers ($1.1m), Concordia Physician Practice ($1.1m) and Wings Support and Recovery ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (5.4% of expenses). Other salaries and wages came to $141k. At year end it held assets of $987k against liabilities of $827k, net assets of $160k. It reported 2 employees.