LMC Legacy Foundation

Analysis

LMC Legacy Foundation is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, LMC Legacy Foundation reported income of $319k and spending of $294k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $372k to $319k (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2023, when income dropped by 68%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, LMC Legacy Foundation sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Wisconsin Operative Plasterers & Cement Masons Journeymen & ($319k), Seattle Seahawks Womens Association ($319k) and Clearwater-Clear Lake Food Shelf ($319k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $9.6m against liabilities of $0, net assets of $9.6m.