Acts Legacy Foundation Inc

Analysis

Acts Legacy Foundation Inc is a registered charity in United States, based in Ft Washington, PA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Acts Legacy Foundation Inc reported income of $5.2m and spending of $8.5m, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.9m to $5.2m (-34%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Acts Legacy Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Knights of Columbus Charities USA Inc ($5.2m), San Antonio Area Foundation ($5.2m) and Charlevoix County Community Foundation ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 5.1% of the total. At year end it held assets of $27.5m against liabilities of $3.6m, net assets of $23.9m.