Lakewood Legacy Foundation

Analysis

Lakewood Legacy Foundation is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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 December 2023, Lakewood Legacy Foundation reported income of $103k and spending of $115k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $103k (-1.5%), an average of -1.5% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakewood Legacy Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within CO. Charities of a similar size with the same main cause include Society of Saint Vincent de Paul in the Archdiocese of Boston ($103k), Traprock Ridge Land Conservancy Inc ($103k) and Impulse New Music Festival ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $178k against liabilities of $0, net assets of $178k.