Legacy Equestrian Team

Analysis

Legacy Equestrian Team is a registered charity in United States, based in Manteno, IL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Equestrian Team reported income of $55k and spending of $51k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $55k (-14%), an average of -14% a year. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Legacy Equestrian Team sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Par ($55k), Tri-State United Soccer Ltd ($55k) and Bush Cup Corp ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.