Acg Legacy Fund

Analysis

Acg Legacy Fund is a registered charity in United States, based in Aitkin, MN. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Acg Legacy Fund reported income of $514k and spending of $960k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $514k (+119%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 2358%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Acg Legacy Fund sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include North Carolina Hosa - Future Health Professionals Inc ($513k), Market Van Buren ($514k) and Mt Prospect Ave Neighborhoodimprovment District Management Corp ($513k).

At year end it held assets of $760k against liabilities of $0, net assets of $760k.