The Legacy Institute

Analysis

The Legacy Institute is a registered charity in United States, based in Kenmore, WA. It received its IRS tax-exemption ruling in October 2003, 23 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, The Legacy Institute reported income of $265k and spending of $261k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $178k to $265k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Legacy Institute 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 59th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include St Marys School Fredericksburg Texas Endowment Fund Inhc ($265k), Penn-Trafford Band Parents Association ($265k) and University Oaks Preschool Inc ($265k).

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 $64k (25% of expenses). At year end it held assets of $312k against liabilities of $5,231, net assets of $307k.