Laurels Legacy Inc

Analysis

Laurels Legacy Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in January 2016, 10 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 January 2024, Laurels Legacy Inc reported income of $88k and spending of $118k, spending 133% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income grew from $86k to $88k (+3.3%), an average of +3.3% a year. Over the whole period it spent 121% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Laurels Legacy Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within ID. Charities of a similar size with the same main cause include Media Island International DTD 0391 ($88k), Conrad Company Foundation ($88k) and Hope Clinic International ($88k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $202, net assets of $36k.