Sanford Schools Legacy Foundation

Analysis

Sanford Schools Legacy Foundation is a registered charity in United States, based in Sanford, ME. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Sanford Schools Legacy Foundation reported income of $61k and spending of $55k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $40k to $61k (+51%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 186% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sanford Schools Legacy Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 17th percentile within ME. Charities of a similar size with the same main cause include Peking University Alumni Association of Greater New York in ($61k), Maple Dale PTO ($61k) and The North End Foundation of Berea ($61k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $668k against liabilities of $0, net assets of $668k.