Legacy Institute

Analysis

Legacy Institute is a registered charity in United States, based in Monrovia, CA. It received its IRS tax-exemption ruling in June 2012, 14 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, Legacy Institute reported income of $97k and spending of $98k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $106k to $97k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacy Institute sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Fuse Christian Concerts Inc ($97k), Heartstone Foundation ($97k) and Shomrei Hakotel - the Jewish Heritage Preservation Society Inc ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,633 against liabilities of $0, net assets of $6,633.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.