SRC Living Legacy Foundation

Analysis

SRC Living Legacy Foundation is a registered charity in United States, based in Saratoga, CA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, SRC Living Legacy Foundation reported income of $322k and spending of $119k, leaving 63% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $700k to $322k (-54%), an average of -23% a year. The sharpest change came in the year to December 2022, when income rose by 302%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, SRC Living Legacy Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Vince Ambrosetti Ministries ($322k), Congressional Chorus ($322k) and Jay N Schapira MD Medical Research Foundation Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $1.6m against liabilities of $400, net assets of $1.6m.