Sustainable Charitable Legacy Inc

Analysis

Sustainable Charitable Legacy Inc is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sustainable Charitable Legacy Inc reported income of $750k and spending of $13k, leaving 98% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income fell from $19.6m to $750k (-96%), an average of -66% a year. The sharpest change came in the year to June 2022, when income dropped by 108%. Over the whole period it spent 0.4% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sustainable Charitable Legacy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Flammer Charitable TR Created Under Karl F Flammer Fam TR ($750k), Polk Sheriffs Charities Inc ($750k) and LCG Icare Foundation ($750k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.3% of the total. At year end it held assets of $18.8m against liabilities of $0, net assets of $18.8m.