Project Legacy

Analysis

Project Legacy is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2016, 10 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, Project Legacy reported income of $1.2m and spending of $668k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $366k to $1.2m (+233%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 1405%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Legacy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Interrwellness Retreat Center Inc ($1.2m), Childrens Hope Group Home ($1.2m) and People Loving Nashville ($1.2m).

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 $645k against liabilities of $5,000, net assets of $640k.