Legacy of Hope Inc

Analysis

Legacy of Hope Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2021, Legacy of Hope Inc reported income of $239k and spending of $223k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $283k to $239k (-16%), an average of -8.2% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Legacy of Hope Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Rhythms of Grace ($239k), Sapa-Gp Inc ($239k) and Papillion Center for Fetal Alcohol Spectrum Disorders of Kent ($239k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $95k (43% of expenses). At year end it held assets of $74k against liabilities of $0, net assets of $74k. It reported 2 employees.