Legacy Properties of the Community Foundation of Hancock County Inc

Analysis

Legacy Properties of the Community Foundation of Hancock County Inc is a registered charity in United States, based in Greenfield, IN. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legacy Properties of the Community Foundation of Hancock County Inc reported income of $3.3m and spending of $1.0m, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $29k to $3.3m (+11425%), an average of +228% a year. The sharpest change came in the year to December 2021, when income rose by 1344%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Legacy Properties of the Community Foundation of Hancock County Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include BMCC Foundation Inc ($3.3m), Al Sigl Foundation Inc ($3.3m) and United Way of Southwest Alabama Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $4.7m against liabilities of $3,426, net assets of $4.7m.