Laneys Legacy of Hope

Analysis

Laneys Legacy of Hope is a registered charity in United States, based in Wyomissing, PA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Laneys Legacy of Hope reported income of $190k and spending of $92k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $262k to $190k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Laneys Legacy of Hope sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include My Choices Pregnancy Help Clinic Inc ($190k), National Alliance on Mental Illness Southwestern Illinois ($190k) and McLaren Oakland Foundation ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $510k against liabilities of $0, net assets of $510k.