Legacy Fund for Outreach Community Ministries

Analysis

Legacy Fund for Outreach Community Ministries is a registered charity in United States, based in Carol Stream, IL. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Legacy Fund for Outreach Community Ministries reported income of $327k and spending of $44k, leaving 86% of income unspent that year. Over the whole period it spent 19% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacy Fund for Outreach Community Ministries sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Wheat Mission in Atlanta Inc ($327k), Sri Satyanarayana Swamy Temple of Atlanta Inc ($327k) and Forgiven Ministry Inc ($327k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $20k (46% of expenses). Other salaries and wages came to $3,026. At year end it held assets of $528k against liabilities of $0, net assets of $528k.