Lives of Legacy

Analysis

Lives of Legacy is a registered charity in United States, based in Bettendorf, IA. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lives of Legacy reported income of $55k and spending of $66k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $62k to $55k (-12%), an average of -12% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lives of Legacy sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Everyday Good Inc ($55k), Children S Mercy Ministry Inc ($55k) and Cassanos Cares Foundation ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,019 against liabilities of $0, net assets of $2,019.