Operation Legacy Foundation Inc

Analysis

Operation Legacy Foundation Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in August 2018, 8 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 December 2023, Operation Legacy Foundation Inc reported income of $2.2m and spending of $2.7m, spending 124% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $874k to $2.2m (+154%), an average of +20% a year. The sharpest change came in the year to December 2019, when income rose by 1538%. Over the whole period it spent 129% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Operation Legacy Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Downtown Tulsa Partnership Inc ($2.2m), Bergholz Fdn-Unrestricted Enodw Ima ($2.2m) and Rider Safety Visibility ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.5m against liabilities of $12.0m, net assets of -$6.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.