Leech Lake Legacy

Analysis

Leech Lake Legacy is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Leech Lake Legacy reported income of $700k and spending of $202k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $700k (+232%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 368%. Over the whole period it spent 65% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Leech Lake Legacy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Sharkarosa Ranch ($699k), Finger Lakes SPCA of Central New York ($700k) and Gabriel Foundation ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $46k (23% of expenses). At year end it held assets of $807k against liabilities of $127k, net assets of $680k. It reported 1 employees.