Legacy Concepts

Analysis

Legacy Concepts is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Concepts reported income of $551k and spending of $432k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.5m to $551k (-78%), an average of -40% a year. The sharpest change came in the year to December 2022, when income rose by 182%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacy Concepts sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Biblica Ministries Foundation ($551k), Nexus Impact Center Inc ($551k) and Est Foundation ($551k).

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 $2.2m against liabilities of $0, net assets of $2.2m.