Hemp Legacy Foundation Inc

Analysis

Hemp Legacy Foundation Inc is a registered charity in United States, based in Surprise, AZ. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hemp Legacy Foundation Inc reported income of $39.3m and spending of $39.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $39.3m (+2798%), an average of +132% a year. The sharpest change came in the year to December 2020, when income rose by 213%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hemp Legacy Foundation Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Arc of Washington County Inc ($39.3m), Bremen Food & Clothing Bank Inc ($39.4m) and The Highlands at Wyomissing ($39.2m).

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 $1.4m against liabilities of $0, net assets of $1.4m.