Legacy of Legends CDC

Analysis

Legacy of Legends CDC is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 of Legends CDC reported income of $161k and spending of $152k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $278k to $161k (-42%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy of Legends CDC sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within TN. Charities of a similar size with the same main cause include East Haven Apartments Inc ($161k), Angelas Piazza Inc ($161k) and Coppell Community Garden Corporation ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $9,819 against liabilities of $0, net assets of $9,819.