Legendary Productions Clo Inc

Analysis

Legendary Productions Clo Inc is a registered charity in United States, based in Redlands, CA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legendary Productions Clo Inc reported income of $245k and spending of $249k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $144k to $245k (+70%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Legendary Productions Clo Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Jah Kente International Inc ($245k), Left Coast Chamber Ensemble Inc ($245k) and Summit Theatre Group Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $4,916. At year end it held assets of $25k against liabilities of $45k, net assets of -$20k. It reported 1 employees.