Marilynn Smith and Founders Legacy Foundation

Analysis

Marilynn Smith and Founders Legacy Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Marilynn Smith and Founders Legacy Foundation reported income of $81k and spending of $91k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $81k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 49% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Marilynn Smith and Founders Legacy Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within AZ. Charities of a similar size with the same main cause include Dream Bigger Community Institute ($81k), The Ohio State University ($81k) and Pembroke Titans Football & Cheerleading Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 113% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.