Davids Legacy Foundation

Analysis

Davids Legacy Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in October 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, Davids Legacy Foundation reported income of $163k and spending of $175k, spending 107% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $263k to $163k (-38%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Davids Legacy Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Sustainable Systems Research Foundation ($163k), Lost Creek Fire Company ($163k) and Junior Charity League of Concord ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $432k against liabilities of $0, net assets of $432k.