Legacy Impact

Analysis

Legacy Impact is a registered charity in United States, based in Manassas, VA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Impact reported income of $76k and spending of $95k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $89k to $76k (-15%), an average of -15% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy Impact sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include Adopt a Family ($76k), Bristol Community Homes Inc ($76k) and KBS Constructors Foundation ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $48k (51% of expenses). Other salaries and wages came to $24k. At year end it held assets of $4,851 against liabilities of $1,668, net assets of $3,183. It reported 4 employees.