Legacy Family Network Foundation

Analysis

Legacy Family Network Foundation is a registered charity in United States, based in Claremore, OK. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legacy Family Network Foundation reported income of $138k and spending of $109k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $138k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy Family Network Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OK. Charities of a similar size with the same main cause include Community Partnership of Elbert County ($138k), GBT Development Corporation ($138k) and The Charis Circle Inc ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $249k against liabilities of $0, net assets of $249k.