Quick charity verification for Legacy Foundation Inc (EIN: 201458794)
Verdict: Legacy Foundation Inc has notable concerns
10/100Mission Score
$0Revenue
$0Assets
4Red Flags
2Strengths
Red Flags
Consistent $0 revenue in recent years (e.g., 201812, 201712, 201412, 201312, 201212, 201112)
Minimal assets ($193 in 201812) indicating lack of financial substance
Expenses consistently exceeding revenue in most active periods (e.g., 201712: $100 revenue vs. $2,146 expenses; 201612: $7,256 revenue vs. $11,186 expenses)
Lack of clear programmatic spending due to overall minimal financial activity
Strengths
Consistent IRS 990 filing history, indicating compliance with reporting requirements
No reported officer compensation, suggesting a volunteer-driven model or inactivity
Spending Breakdown
How Legacy Foundation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Legacy Foundation Inc
Is Legacy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Legacy Foundation Inc (EIN: 201458794) has notable concerns. Mission Score: 10/100. 4 red flags identified, 2 strengths noted.
Is Legacy Foundation Inc a good charity to donate to?
Legacy Foundation Inc has a Mission Score of 10/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Legacy Foundation Inc?
The Employer Identification Number (EIN) for Legacy Foundation Inc is 201458794. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Legacy Foundation Inc spend its money?
Legacy Foundation Inc allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Legacy Foundation Inc's tax-exempt status?
You can verify Legacy Foundation Inc's tax-exempt status using EIN 201458794 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Legacy Foundation Inc appears to be a very small, likely defunct, organization based on its recent financial filings. For the latest reported period (201812), the organization reported $0 in revenue and $1,168 in expenses, with minimal assets of $193. This trend of negligible revenue and expenses has been consistent for several years, with the highest revenue reported in 201512 at $21,039 and expenses at $18,433. The consistent reporting of $0 officer compensation across all filings suggests a volunteer-run or inactive status. The organization's financial health is extremely poor, as it consistently operates with little to no income and minimal assets, indicating it is not actively conducting significant programmatic activities. Transparency is adequate in terms of filing the required IRS 990 forms, but the lack of financial activity makes a detailed assessment of spending efficiency challenging.