Lady Legacy Scholarship Foundation

Analysis

Lady Legacy Scholarship Foundation is a registered charity in United States, based in Shoal Creek, AL. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lady Legacy Scholarship Foundation reported income of $55k and spending of $33k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $64k to $55k (-14%), an average of -7.1% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lady Legacy Scholarship Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AL. Charities of a similar size with the same main cause include Voss Middle School PTO ($55k), JCHS Sideline Club ($55k) and Ridgeview Elementary School PTO ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% of the total. At year end it held assets of $506k against liabilities of $24k, net assets of $482k.