Legacy a Regional Community Foundation

Analysis

Legacy a Regional Community Foundation is a registered charity in United States, based in Winfield, KS. It received its IRS tax-exemption ruling in February 1997, 29 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, Legacy a Regional Community Foundation reported income of $2.3m and spending of $1.2m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.3m (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Legacy a Regional Community Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within KS. Charities of a similar size with the same main cause include Build a Miracle ($2.3m), Ryan Seacrest Foundation Inc ($2.3m) and Chillicothe-Ross Community Foundation Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $102k (8.8% of expenses). At year end it held assets of $10.9m against liabilities of $184k, net assets of $10.8m. It reported 2 employees.