Legacy Inc

Analysis

Legacy Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Inc reported income of $356k and spending of $357k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $372k to $356k (-4.3%), an average of -1.1% a year. Over the whole period it spent 78% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Legacy Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Wood-Pawcatuck Watershed Assoc ($356k), Resource Protection Group Inc ($356k) and Florence Downtown Development Corporation Inc ($356k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $96k (27% of expenses). Other salaries and wages came to $47k. At year end it held assets of $1.0m against liabilities of $54k, net assets of $957k. It reported 3 employees.