Legacy Foundation of Kentuckiana Inc

Analysis

Legacy Foundation of Kentuckiana Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Legacy Foundation of Kentuckiana Inc reported income of $2.9m and spending of $12.2m, spending 423% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $11.0m to $2.9m (-74%), an average of -49% a year. The sharpest change came in the year to June 2023, when income dropped by 64%. Over the whole period it spent 189% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Legacy Foundation of Kentuckiana Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include Childrens Theraplay Foundation Inc ($2.9m), Amyloidosis Research Consortium Inc ($2.9m) and Integrated Care Collaboration ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% of the total. At year end it held assets of $112.6m against liabilities of $771k, net assets of $111.8m.

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.