Legacy Church Inc

Analysis

Legacy Church Inc is a registered charity in United States, based in South River, NJ. 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legacy Church Inc reported income of $267k and spending of $252k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $143k to $267k (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacy Church Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Iglesia Cristo Nuestro Rey Inc ($267k), Midwest Evangelistic Association ($267k) and Goshen Ministries International ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (21% of expenses). At year end it held assets of $21k against liabilities of $0, net assets of $21k. It reported 1 employees.