Legacy of Honor

Analysis

Legacy of Honor is a registered charity in United States, based in Louisville, OH. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 of Honor reported income of $89k and spending of $97k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $89k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy of Honor sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within OH. Charities of a similar size with the same main cause include Michigan HR ($89k), LBCF Properties Foundation ($89k) and Gig Harbor Kiwanis Foundation ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 26% of the total. At year end it held assets of $37k against liabilities of $2,267, net assets of $34k.