Legacy Ministries

Analysis

Legacy Ministries is a registered charity in United States, based in Dadeville, AL. It received its IRS tax-exemption ruling in September 2005, 21 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 September 2023, Legacy Ministries reported income of $341k and spending of $463k, spending 136% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $599k to $341k (-43%), an average of -13% a year. The sharpest change came in the year to September 2020, when income rose by 61%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacy Ministries sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within AL. Charities of a similar size with the same main cause include Leaderstream Inc ($341k), O Dell Ministries Inc ($341k) and Mens Discipleship Network Inc ($341k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $68k (15% of expenses). Other salaries and wages came to $83k. At year end it held assets of $2.7m against liabilities of $43k, net assets of $2.6m. It reported 9 employees.