Legacy Cellar Foundation

Analysis

Legacy Cellar Foundation is a registered charity in United States, based in Laguna Hills, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Cellar Foundation reported income of $57k and spending of $303k, spending 532% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $593k to $57k (-90%), an average of -69% a year. The sharpest change came in the year to December 2023, when income dropped by 89%. Over the whole period it spent 123% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Legacy Cellar Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include The J F and Lake K Davis Trust ($57k), Battelle Energy Alliance LLC Bea Etc ($57k) and SLBR Charities ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $160k, net assets of -$133k.