Photo Legacy Foundation Inc

Analysis

Photo Legacy Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Photo Legacy Foundation Inc reported income of $69k and spending of $67k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $69k (+156%), an average of +156% a year. The sharpest change came in the year to December 2023, when income rose by 156%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Photo Legacy Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Bellevue Youth Theatre Foundation ($69k), Lina Liu Artist Group a NJ Nonprofit Corporation ($69k) and Christian Books Publishing House ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $2,292 against liabilities of $9,650, net assets of -$7,358.