Legacy Resource Foundation

Analysis

Legacy Resource Foundation is a registered charity in United States, based in Pinellas Park, FL. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Legacy Resource Foundation reported income of $106k and spending of $117k, spending 110% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $49k to $106k (+115%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy Resource Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Northeast-Mountain View Parent Teacher Organization Inc ($106k), Yukon Mobile Meals ($106k) and Revive Refresh ($106k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $36k (30% of expenses). At year end it held assets of $27k against liabilities of $0, net assets of $27k. It reported 2 employees.