Legacy Alliance

Analysis

Legacy Alliance is a registered charity in United States, based in Jenks, OK. It received its IRS tax-exemption ruling in March 2020, 6 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 June 2024, Legacy Alliance reported income of $92k and spending of $118k, spending 128% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $163k to $92k (-44%), an average of -17% a year. The sharpest change came in the year to June 2024, when income dropped by 41%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Alliance 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 35th percentile, and in the 34th percentile within OK. Charities of a similar size with the same main cause include Virginia State University Research Foundation ($92k), Cumberland Football Boosters Inc ($92k) and Kutztown Hobos ($92k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.7% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.