Legacy Impact Capital

Analysis

Legacy Impact Capital is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Legacy Impact Capital reported income of $352k and spending of $193k, leaving 45% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $787k to $352k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 47% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Legacy Impact Capital sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Retiree Housing of Cedar Rapids Inc ($352k), Adkins Village Non Profit Housing Corporation ($352k) and Hope Haven Ministries Inc ($351k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.2m against liabilities of $818k, net assets of $1.4m.