Spirit Voyage Legacy Foundation

Analysis

Spirit Voyage Legacy Foundation is a registered charity in United States, based in Hillsboro, VA. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Spirit Voyage Legacy Foundation reported income of $387k and spending of $221k, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $850k to $387k (-54%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spirit Voyage Legacy Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Friends of the Grape Inc ($387k), United Roots ($387k) and The Lincoln Institute ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $62k. At year end it held assets of $1.7m against liabilities of $220k, net assets of $1.4m.