Legends Do Live

Analysis

Legends Do Live is a registered charity in United States, based in Missouri City, TX. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Legends Do Live reported income of $393k and spending of $377k, spending 96% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $289k to $393k (+36%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Legends Do Live sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Childrens Museum of Montana Inc ($393k), Campus Communications Inc ($394k) and The Vanguard Theater Company ($393k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (13% of expenses). At year end it held assets of $132k against liabilities of $30k, net assets of $102k. It reported 2 employees.