Leadership Legacy Life Foundation

Analysis

Leadership Legacy Life Foundation is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Leadership Legacy Life Foundation reported income of $1.6m and spending of $148k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.6m (-2.9%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 946%. Over the whole period it spent 20% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leadership Legacy Life Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within DE. Charities of a similar size with the same main cause include Wichita Sedgwick County Historial Museum Association ($1.6m), Shawl-Anderson Modern Dance Center ($1.6m) and Minnesota Marine Art Museum ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m.