Legacytree Foundation

Analysis

Legacytree Foundation is a registered charity in United States, based in Spring Hill, TN. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Legacytree Foundation reported income of $4.2m and spending of $2.9m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $4.2m (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacytree Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Lev Berel Inc ($4.2m), Lubbock Open Door ($4.3m) and Goserve ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $427k (15% of expenses). Other salaries and wages came to $329k. At year end it held assets of $75.6m against liabilities of $62.0m, net assets of $13.6m. It reported 6 employees.