Legacy Fund

Analysis

Legacy Fund is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Legacy Fund reported income of $6.0m and spending of $5.2m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $6.0m (+154%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 425%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Fund sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Viva Physicians Inc ($6.0m), Stonebridge School ($6.0m) and Chattanooga Girls Leadership Academy Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. At year end it held assets of $69.2m against liabilities of $42.2m, net assets of $27.0m.