Cutty Legacy Foundation

Analysis

Cutty Legacy Foundation is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cutty Legacy Foundation reported income of $268k and spending of $48k, leaving 82% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $62k to $268k (+329%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 346%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cutty Legacy Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within AZ. Charities of a similar size with the same main cause include Jefferson School Foundation ($268k), Cumming Community Center ($268k) and Haven Retreats Inc ($268k).

At year end it held assets of $1.9m against liabilities of $125k, net assets of $1.8m.