Doug Ericksen Community Legacy Fund

Analysis

Doug Ericksen Community Legacy Fund is a registered charity in United States, based in Ferndale, WA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Doug Ericksen Community Legacy Fund reported income of $64k and spending of $10k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $64k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 7.1% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Doug Ericksen Community Legacy Fund sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 20th percentile within WA. Charities of a similar size with the same main cause include National Black Mba Association Dallas Chapter ($64k), Conestoga Community Organization Inc ($64k) and Patterson Ptso ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.