Legacy Give Foundation

Analysis

Legacy Give Foundation is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in September 2014, 12 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 Give Foundation reported income of $108k and spending of $177k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $258k to $108k (-58%), an average of -20% a year. The sharpest change came in the year to December 2022, when income rose by 348%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy Give Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Noblesville Youth Assistance Inc ($107k), Asset Building Coalition of Forsyth County ($108k) and Shreveport Pregnancy Center ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.

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.