Corbins Legacy

Analysis

Corbins Legacy is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Corbins Legacy reported income of $85k and spending of $85k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $85k (+11%), an average of +11% a year. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Corbins Legacy sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within AZ. Charities of a similar size with the same main cause include Texas Nursery and Landscape Association Foundation ($85k), Ridgedale Elementary School Parent-Teacher Organization Inc ($85k) and Friends of the Food Industry Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.