Legacy Charitable Foundation
Legacy Charitable Foundation shows highly volatile finances with recent years marked by minimal revenue and expenses exceeding income.
EIN: 10600848 · Murray, UT · NTEE: T20 · Updated: 2026-03-28
Is Legacy Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Legacy Charitable Foundation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Legacy Charitable Foundation
Legacy Charitable Foundation (EIN: 10600848) is a nonprofit organization based in Murray, UT, classified under NTEE code T20. The organization reported total revenue of $479 and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Legacy Charitable Foundation with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Legacy Charitable Foundation allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no reportable compensation, which is appropriate given the organization's small and inconsistent revenue base.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Legacy Charitable Foundation's IRS 990 filings:
- Highly inconsistent revenue, with many years showing negligible income (e.g., $14 in 2020, $57 in 2018).
- Recurring deficits where expenses significantly exceed revenue in recent periods (e.g., 2022: $121 revenue vs. $10,000 expenses; 2023: $458 revenue vs. $735 expenses).
- Significant decline in assets from $91,570 in 2021 to $31,313 in 2023, indicating reliance on reserves.
- Lack of clear, consistent program spending given the overall low and volatile expense figures.
Strengths
The following positive indicators were identified for Legacy Charitable Foundation:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven or highly cost-efficient leadership structure.
- No reported liabilities across all available filings, suggesting financial prudence in avoiding debt.
Frequently Asked Questions about Legacy Charitable Foundation
Is Legacy Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Legacy Charitable Foundation (EIN: 10600848) significant concerns. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
How does Legacy Charitable Foundation spend its money?
Legacy Charitable Foundation directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Legacy Charitable Foundation tax-deductible?
Legacy Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 10600848). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Legacy Charitable Foundation a good charity?
Based on the provided data, it's difficult to definitively label Legacy Charitable Foundation as a 'good charity' due to its highly inconsistent financial performance and very low revenue in most years. While officer compensation is zero, suggesting efficiency in that area, the recurring deficits and minimal program spending implied by low overall expenses raise questions about its impact.
What caused the significant drop in assets from $91,570 in 2021 to $31,313 in 2023?
The data shows a substantial decrease in assets from $91,570 in 2021 to $31,313 in 2023. This decline likely resulted from the organization's expenses exceeding its revenue in 2022 (revenue $121, expenses $10,000) and 2023 (revenue $458, expenses $735), forcing it to draw down on its reserves.
How does Legacy Charitable Foundation sustain itself with such low revenue in most years?
The organization appears to sustain itself by operating with extremely low expenses in many years (e.g., $0 in 2019 and 2017) and drawing down on accumulated assets during periods of deficit, as seen in the asset reduction from 2021 to 2023. The significant revenue spike in 2021 ($70,741) likely provided a temporary buffer.
Filing History
IRS 990 filing history for Legacy Charitable Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Legacy Charitable Foundation's revenue has grown by 3423.1%, moving from $13 to $458. Total assets decreased by 55.1% over the same period, from $70K to $31K. Total functional expenses rose by 7250%, from $10 to $735. In its most recent filing year (2023), Legacy Charitable Foundation reported a deficit of $277, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $458 | $735 | $31K | $0 | — | — |
| 2022 | $121 | $10K | $32K | $0 | — | View 990 |
| 2021 | $71K | $43K | $92K | $0 | — | View 990 |
| 2020 | $14 | $1K | $64K | $0 | — | — |
| 2019 | $74 | $0 | $65K | $0 | — | View 990 |
| 2018 | $57 | $1K | $65K | $0 | — | View 990 |
| 2017 | $31 | $0 | $66K | $0 | — | View 990 |
| 2016 | $32 | $577 | $66K | $0 | — | View 990 |
| 2015 | $26 | $2K | $66K | $0 | — | View 990 |
| 2014 | $27 | $10 | $68K | $0 | — | View 990 |
| 2013 | $32 | $1K | $68K | $0 | — | View 990 |
| 2012 | $39 | $605 | $69K | $0 | — | View 990 |
| 2011 | $13 | $10 | $70K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $458, expenses of $735, and assets of $31K (revenue +278.5% year-over-year).
- 2022: Revenue of $121, expenses of $10K, and assets of $32K (revenue -99.8% year-over-year).
- 2021: Revenue of $71K, expenses of $43K, and assets of $92K (revenue +505192.9% year-over-year).
- 2020: Revenue of $14, expenses of $1K, and assets of $64K (revenue -81.1% year-over-year).
- 2019: Revenue of $74, expenses of $0, and assets of $65K (revenue +29.8% year-over-year).
- 2018: Revenue of $57, expenses of $1K, and assets of $65K (revenue +83.9% year-over-year).
- 2017: Revenue of $31, expenses of $0, and assets of $66K (revenue -3.1% year-over-year).
- 2016: Revenue of $32, expenses of $577, and assets of $66K (revenue +23.1% year-over-year).
- 2015: Revenue of $26, expenses of $2K, and assets of $66K (revenue -3.7% year-over-year).
- 2014: Revenue of $27, expenses of $10, and assets of $68K (revenue -15.6% year-over-year).
- 2013: Revenue of $32, expenses of $1K, and assets of $68K (revenue -17.9% year-over-year).
- 2012: Revenue of $39, expenses of $605, and assets of $69K (revenue +200.0% year-over-year).
- 2011: Revenue of $13, expenses of $10, and assets of $70K.
Data Sources and Methodology
This transparency report for Legacy Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.