Foundation of the Legacy Guild

Analysis

Foundation of the Legacy Guild is a registered charity in United States, based in Western SPRGS, IL. It received its IRS tax-exemption ruling in September 2012, 14 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 December 2023, Foundation of the Legacy Guild reported income of $365k and spending of $274k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $365k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation of the Legacy Guild sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Arizona Families for Home Education ($365k), School of New Hope ($365k) and Friends of Tennessees Babies with Special Needs ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $957k against liabilities of $0, net assets of $957k.