Legacy of Service Foundation

Analysis

Legacy of Service Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1995, 31 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, Legacy of Service Foundation reported income of $119k and spending of $56k, leaving 53% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $48k to $119k (+149%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy of Service Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Guiding Shepherd Christian School Inc ($119k), Chinese Language Association of Secondary Elementary Schools Inc ($119k) and Think2perform Research Institute ($119k).

At year end it held assets of $150k against liabilities of $39k, net assets of $111k.