Legendary Legacies Inc

Analysis

Legendary Legacies Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. 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 June 2023, Legendary Legacies Inc reported income of $1.1m and spending of $1.0m, spending 98% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $473k to $1.1m (+125%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legendary Legacies Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include St Columba Development Corp Inc ($1.1m), Local 210 Scholarship Fund & Educational Fund ($1.1m) and Eastern Star Charity Foundation of Conn Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $543k. At year end it held assets of $408k against liabilities of $49k, net assets of $359k. It reported 12 employees.