Infinite Legacy Inc

Analysis

Infinite Legacy Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Infinite Legacy Inc reported income of $76.7m and spending of $77.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $43.4m to $76.7m (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Infinite Legacy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Phoebe Putney Health Systems Inc ($76.7m), Creoks Mental Health Services ($76.8m) and Minnesota Teen Challenge Inc ($76.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.7m (4.7% of expenses). Other salaries and wages came to $23.2m. At year end it held assets of $81.5m against liabilities of $22.9m, net assets of $58.6m. It reported 346 employees.