Laurens Legacy Inc

Analysis

Laurens Legacy Inc is a registered charity in United States, based in Santa Rsa BCH, FL. It received its IRS tax-exemption ruling in January 2023, 3 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, Laurens Legacy Inc reported income of $369k and spending of $195k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $203k to $369k (+82%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laurens Legacy Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include People First Wisconsin Inc ($369k), Gods Vast Resources ($369k) and Aunt Dots Place Inc ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $83k. At year end it held assets of $313k against liabilities of $639, net assets of $313k. It reported 3 employees.