Legacy of Hope Foundation

Analysis

Legacy of Hope Foundation is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 of Hope Foundation reported income of $131k and spending of $86k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $83k to $131k (+58%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legacy of Hope Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OK. Charities of a similar size with the same main cause include Unitecloud ($131k), Mifal Hatruma ($131k) and Five and Two Ministries ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.