Project Legacy

Analysis

Project Legacy is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in December 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 (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, Project Legacy reported income of $371k and spending of $435k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $371k (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 110%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Legacy sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Shawano Area Matthew 25 Inc ($371k), Resources Inspiring Success and Empowering ($371k) and Indian Child and Family Preservation Program ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (17% of expenses). Other salaries and wages came to $83k. At year end it held assets of $58k against liabilities of $12k, net assets of $46k. It reported 13 employees.