The Leon Hammer Legacy Foundation Inc

Analysis

The Leon Hammer Legacy Foundation Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in February 2013, 13 years ago. 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 2022, The Leon Hammer Legacy Foundation Inc reported income of $849k and spending of $967k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $760k to $849k (+12%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Leon Hammer Legacy Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Charlestown Playhouse Inc ($849k), Texas Express Basketball Club Inc ($850k) and Berrien County Council for Children ($849k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $81k (8.4% of expenses). Other salaries and wages came to $407k. At year end it held assets of $2.9m against liabilities of $2.5m, net assets of $416k. It reported 8 employees.