Legacy Family Ministries

Analysis

Legacy Family Ministries is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Legacy Family Ministries reported income of $490k and spending of $337k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $253k to $490k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacy Family Ministries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within AZ. Charities of a similar size with the same main cause include Extreme Family Outreach Ministry ($490k), Freedom Projectz ($490k) and In His Steps International ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $90k (27% of expenses). Other salaries and wages came to $68k. At year end it held assets of $218k against liabilities of $0, net assets of $218k. It reported 3 employees.