Sose & Allens Legacy Fund Inc

Analysis

Sose & Allens Legacy Fund Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in March 2019, 7 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 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 June 2024, Sose & Allens Legacy Fund Inc reported income of $130k and spending of $658, leaving 99% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $112k to $130k (+16%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 0.3% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sose & Allens Legacy Fund Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Port Authority Police World Trade Disaster Survivors Fund ($130k), Bread of Life World Missions Inc ($130k) and Panna Maria Community Fund ($130k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $267k against liabilities of $0, net assets of $267k.