Legacy Athletics Inc

Analysis

Legacy Athletics Inc is a registered charity in United States, based in Janesville, WI. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legacy Athletics Inc reported income of $374k and spending of $400k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $374k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Legacy Athletics Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include South County Youth Soccer Club ($374k), Black Girls Run Foundation ($374k) and Belmont Soccer Association Inc ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (17% of expenses). Other salaries and wages came to $37k. At year end it held assets of $1,244 against liabilities of $11k, net assets of -$10k. It reported 23 employees.

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.