Legacy Preservation Enterprise

Analysis

Legacy Preservation Enterprise is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Preservation Enterprise reported income of $124k and spending of $14k, leaving 89% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $417k to $124k (-70%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 3.4% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Legacy Preservation Enterprise sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Tate House Museum ($124k), Discover Lansdale ($124k) and Des Moines Area Quilters Guild Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $846k against liabilities of $0, net assets of $846k.