Legacy Connections
Legacy Connections shows fluctuating revenue and recent operating deficits despite substantial assets and no reported officer compensation.
EIN: 10972999 · Pasadena, CA · NTEE: N40 · Updated: 2026-03-28
Is Legacy Connections Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Legacy Connections directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Legacy Connections
Legacy Connections (EIN: 10972999) is a nonprofit organization based in Pasadena, CA, classified under NTEE code N40. The organization reported total revenue of $5.7M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Connections's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Connections is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-459,914 |
| Total Assets | $8.4M |
| Total Liabilities | $1.1M |
| Net Assets | $7.3M |
| Operating Margin | -18.1% |
| Debt-to-Asset Ratio | 13.6% |
| Months of Reserves | 33.7 months |
Financial Health Grade: B
In 2023, Legacy Connections reported a deficit of $460K with expenses exceeding revenue, holds 33.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Legacy Connections's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.4% | +6.8% | -6.3% |
| 2022 | -46.6% | +14.2% | -12.1% |
| 2021 | +131.9% | +19.9% | +14.9% |
| 2020 | -30.9% | -43.2% | -6.0% |
| 2019 | -46.9% | -14.9% | -17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Legacy Connections with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Legacy Connections allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $460K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.6%.
Executive Compensation Analysis
Legacy Connections consistently reports 0% officer compensation across all 13 available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization with assets exceeding $11 million and annual revenues in the millions.
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 Connections's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 and 2022)
- Significant year-over-year revenue volatility
- Unusually low liabilities relative to assets in some periods, potentially indicating conservative accounting or specific asset types.
Strengths
The following positive indicators were identified for Legacy Connections:
- No reported officer compensation across all filings, indicating high efficiency in executive pay.
- Substantial asset base ($11,190,573 latest) provides financial stability.
- Long history of IRS 990 filings (13 filings) demonstrates transparency and compliance.
- Strong asset growth in some periods, such as from $6,724,598 in 2016 to $14,020,119 in 2017.
Frequently Asked Questions about Legacy Connections
Is Legacy Connections a legitimate charity?
Based on AI analysis of IRS 990 filings, Legacy Connections (EIN: 10972999) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Legacy Connections spend its money?
Legacy Connections directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Legacy Connections tax-deductible?
Legacy Connections is registered as a tax-exempt nonprofit (EIN: 10972999). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has Legacy Connections experienced operating deficits in recent years, such as in 2023 and 2022?
In 2023, expenses ($2,994,424) exceeded revenue ($2,534,510) by $459,914. Similarly, in 2022, expenses ($2,804,344) surpassed revenue ($2,004,828) by $799,516. This trend suggests that the organization's spending has outpaced its income generation in these periods, potentially drawing from reserves or prior year surpluses.
How does Legacy Connections manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this size. It suggests that leadership roles may be entirely volunteer-based, compensated through other means not classified as officer compensation, or that the organization's structure minimizes traditional executive salaries. This practice significantly reduces administrative overhead related to executive pay.
What is the long-term strategy for addressing the significant fluctuations in annual revenue?
Legacy Connections has seen revenue range from $1,504,486 (2014) to $10,213,134 (2017). The latest revenue of $2,534,510 (2023) is significantly lower than its peak. A strategy to stabilize and grow revenue streams would be crucial for consistent program delivery and financial health.
Filing History
IRS 990 filing history for Legacy Connections showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Legacy Connections's revenue has grown by 106%, moving from $1.2M to $2.5M. Total assets increased by 925.2% over the same period, from $820K to $8.4M. Total functional expenses rose by 597.6%, from $429K to $3.0M. In its most recent filing year (2023), Legacy Connections reported a deficit of $460K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $8.4M in assets (debt-to-asset ratio: 13.6%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $3.0M | $8.4M | $1.1M | — | — |
| 2022 | $2.0M | $2.8M | $9.0M | $1.3M | — | View 990 |
| 2021 | $3.8M | $2.5M | $10.2M | $1.7M | — | View 990 |
| 2020 | $1.6M | $2.0M | $8.9M | $1.6M | — | View 990 |
| 2019 | $2.3M | $3.6M | $9.5M | $1.8M | — | View 990 |
| 2018 | $4.4M | $4.2M | $11.5M | $2.5M | — | View 990 |
| 2017 | $10.2M | $6.7M | $14.0M | $5.2M | — | View 990 |
| 2016 | $3.0M | $1.9M | $6.7M | $1.4M | — | View 990 |
| 2015 | $2.1M | $2.3M | $6.3M | $2.1M | — | View 990 |
| 2014 | $1.5M | $3.8M | $6.9M | $2.5M | — | View 990 |
| 2013 | $3.6M | $3.2M | $9.1M | $2.4M | — | View 990 |
| 2012 | $6.1M | $510K | $6.4M | $23K | — | View 990 |
| 2011 | $1.2M | $429K | $820K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $3.0M, and assets of $8.4M (revenue +26.4% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.8M, and assets of $9.0M (revenue -46.6% year-over-year).
- 2021: Revenue of $3.8M, expenses of $2.5M, and assets of $10.2M (revenue +131.9% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.0M, and assets of $8.9M (revenue -30.9% year-over-year).
- 2019: Revenue of $2.3M, expenses of $3.6M, and assets of $9.5M (revenue -46.9% year-over-year).
- 2018: Revenue of $4.4M, expenses of $4.2M, and assets of $11.5M (revenue -56.8% year-over-year).
- 2017: Revenue of $10.2M, expenses of $6.7M, and assets of $14.0M (revenue +245.3% year-over-year).
- 2016: Revenue of $3.0M, expenses of $1.9M, and assets of $6.7M (revenue +41.7% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.3M, and assets of $6.3M (revenue +38.7% year-over-year).
- 2014: Revenue of $1.5M, expenses of $3.8M, and assets of $6.9M (revenue -58.1% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.2M, and assets of $9.1M (revenue -41.2% year-over-year).
- 2012: Revenue of $6.1M, expenses of $510K, and assets of $6.4M (revenue +396.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $429K, and assets of $820K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Connections:
Data Sources and Methodology
This transparency report for Legacy Connections 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.