Legacy Imperative Inc

Analysis

Legacy Imperative Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Legacy Imperative Inc reported income of $455k and spending of $384k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $299k to $455k (+52%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Legacy Imperative Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include War Eagles Air Museum ($455k), Friends of the Cameo ($455k) and Freedom Encounter ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $98k (26% of expenses). Other salaries and wages came to $96k. At year end it held assets of $127k against liabilities of $40k, net assets of $87k. It reported 3 employees.