Liquid Legacy

Analysis

Liquid Legacy is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 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, Liquid Legacy reported income of $383k and spending of $400k, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $333k to $383k (+15%), an average of +7.3% a year. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Liquid Legacy sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within TN. Charities of a similar size with the same main cause include Abundant Life Worship Center of Springfield Inc ($383k), National Association of Christian Lawmakers Inc ($383k) and Logos Partnership International ($383k).

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 $90k (23% of expenses). At year end it held assets of $61k against liabilities of $4,772, net assets of $56k. It reported 2 employees.