Legacy Mission Village

Analysis

Legacy Mission Village is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in January 2012, 14 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 Mission Village reported income of $654k and spending of $867k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $551k to $654k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy Mission Village sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include California Association of Area Agencies on Aging ($653k), Franklinton Board of Trade Inc ($654k) and Trident Urban League Inc ($653k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $118k (14% of expenses). Other salaries and wages came to $225k. At year end it held assets of $807k against liabilities of $42k, net assets of $765k. It reported 9 employees.