Alethas Legacy

Analysis

Alethas Legacy is a registered charity in United States, based in Destin, FL. 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 (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, Alethas Legacy reported income of $213k and spending of $141k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $206k to $213k (+3.3%), an average of +3.3% a year. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alethas Legacy sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Waco Electrical Joint Apprenticeship and Training Trust ($213k), Louisiana Pipeliners Association ($213k) and Robotics Inspiring Science and Engineering Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.