Legacy Advancement

Analysis

Legacy Advancement is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Legacy Advancement reported income of $1.4m and spending of $377k, leaving 73% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $532k to $1.4m (+163%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 133%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Advancement sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Afton Christian School ($1.4m), Hartford Youth Scholars Foundation Inc ($1.4m) and Coastline Christian Academy ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.3m against liabilities of $248k, net assets of $2.0m.