New Legacy Home for Women

Analysis

New Legacy Home for Women is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 2019, 7 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 August 2023, New Legacy Home for Women reported income of $645k and spending of $637k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $383k to $645k (+68%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 63%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Legacy Home for Women sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Patches Place ($645k), Family Services Foundation ($646k) and Linking Families and Communities ($645k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $67k (11% of expenses). Other salaries and wages came to $189k. At year end it held assets of $2.5m against liabilities of $11k, net assets of $2.5m. It reported 11 employees.