Legatum Foundation

Analysis

Legatum Foundation is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Legatum Foundation reported income of $508k and spending of $517k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $257k to $508k (+98%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 8364%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legatum Foundation 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 70th percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Education Minnesota Foundation for Excellence in Teaching & Learning ($508k), O C C H a Inc ($508k) and Jodi House Inc ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,293 against liabilities of $9,000, net assets of $293.