Legacy Chm
EIN: 381357994 · Detroit, MI · NTEE: E11
| Metric | Value |
|---|---|
| Total Revenue | $244K |
| Total Expenses | $180K |
| Net Assets | $-9,721 |
Is Legacy Chm Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Legacy Chm
Legacy Chm (EIN: 381357994) is a nonprofit organization based in Detroit, MI, classified under NTEE code E11. The organization reported total revenue of $244K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Chm's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Chm is a small nonprofit that has been operating for 12 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $180K |
| Surplus / Deficit | $-14,931 |
| Total Assets | $81K |
| Total Liabilities | $91K |
| Net Assets | $-9,721 |
| Operating Margin | -9.0% |
| Debt-to-Asset Ratio | 112.0% |
| Months of Reserves | 5.4 months |
Financial Health Grade: C
In 2023, Legacy Chm reported a deficit of $15K with expenses exceeding revenue, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 112.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.3% | -44.9% | +8.7% |
| 2022 | +49.2% | +77.6% | +201.9% |
| 2021 | -62.7% | -67.8% | -52.8% |
| 2020 | -45.3% | -44.2% | -56.8% |
| 2019 | +133.8% | +143.8% | -37.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Legacy Chm has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Legacy Chm with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 112.0%.
Frequently Asked Questions about Legacy Chm
Is Legacy Chm a legitimate charity?
Legacy Chm (EIN: 381357994) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $244K. No red flags identified. Financial health grade: C.
How does Legacy Chm spend its money?
Legacy Chm reported $244K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Legacy Chm tax-deductible?
Legacy Chm is registered as a tax-exempt nonprofit (EIN: 381357994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Legacy Chm located?
Legacy Chm is headquartered in Detroit, Michigan and files with the IRS under EIN 381357994. It is classified under NTEE code E11.
How many years of IRS 990 filings does Legacy Chm have?
Legacy Chm has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $244K in total revenue.
Filing History
IRS 990 filing history for Legacy Chm showing financial trends over 13 years of public records:
In its most recent filing year (2023), Legacy Chm reported a deficit of $15K, with expenses exceeding revenue. The organization holds $91K in liabilities against $81K in assets (debt-to-asset ratio: 112.0%), resulting in net assets of $-9,721.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $180K | $81K | $91K | — | — |
| 2022 | $308K | $327K | $74K | $69K | — | View 990 |
| 2021 | $206K | $184K | $25K | $100 | — | View 990 |
| 2020 | $553K | $571K | $52K | $50K | — | View 990 |
| 2019 | $1.0M | $1.0M | $121K | $100K | — | View 990 |
| 2018 | $432K | $420K | $195K | $161K | — | View 990 |
| 2017 | $502K | $498K | $351K | $329K | — | View 990 |
| 2016 | $630K | $620K | $314K | $296K | — | View 990 |
| 2015 | $456K | $461K | $115K | $106K | — | View 990 |
| 2014 | $1.6M | $1.6M | $374K | $360K | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
| 2012 | $0 | $0 | $0 | $0 | — | View 990 |
| 2011 | $-102,165,272 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $180K, and assets of $81K (revenue -46.3% year-over-year).
- 2022: Revenue of $308K, expenses of $327K, and assets of $74K (revenue +49.2% year-over-year).
- 2021: Revenue of $206K, expenses of $184K, and assets of $25K (revenue -62.7% year-over-year).
- 2020: Revenue of $553K, expenses of $571K, and assets of $52K (revenue -45.3% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $121K (revenue +133.8% year-over-year).
- 2018: Revenue of $432K, expenses of $420K, and assets of $195K (revenue -13.8% year-over-year).
- 2017: Revenue of $502K, expenses of $498K, and assets of $351K (revenue -20.4% year-over-year).
- 2016: Revenue of $630K, expenses of $620K, and assets of $314K (revenue +38.2% year-over-year).
- 2015: Revenue of $456K, expenses of $461K, and assets of $115K (revenue -71.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $374K.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
- 2012: Revenue of $0, expenses of $0, and assets of $0.
- 2011: Revenue of $-102,165,272, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Chm:
Data Sources and Methodology
This transparency report for Legacy Chm 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.