Resources Legacy Fund

Analysis

Resources Legacy Fund is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Resources Legacy Fund reported income of $131.0m and spending of $85.9m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $46.8m to $131.0m (+180%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 86% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Resources Legacy Fund sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Earthjustice ($126.0m), Marshall Area Economic Development Alliance ($151.6m) and Vermont Energy Investment Corp ($123.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $1.5m (1.8% of expenses). Other salaries and wages came to $15.5m. It paid $27k in professional fundraising fees. At year end it held assets of $174.7m against liabilities of $13.4m, net assets of $161.4m. It reported 180 employees.