River Legacy Foundation

Analysis

River Legacy Foundation is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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, River Legacy Foundation reported income of $1.2m and spending of $957k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, River Legacy Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Pearce Community Center Inc ($1.2m), Montgomery Montessori School Inc ($1.2m) and San Bernardino Valley College Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $90k (9.4% of expenses). Other salaries and wages came to $499k. At year end it held assets of $2.8m against liabilities of $221k, net assets of $2.6m. It reported 44 employees.