Legacy Echn Inc
Legacy Echn Inc: Declining Revenue, Stable Assets, and High Administrative Costs
EIN: 222546079 · Glastonbury, CT · NTEE: E30Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $219K |
| Total Expenses | $683K |
| Program Spending | 50% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $14.1M |
| Transparency Score | 65/100 |
Is Legacy Echn Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Legacy Echn Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Legacy Echn Inc
Legacy Echn Inc (EIN: 222546079) is a nonprofit organization based in Glastonbury, CT, classified under NTEE code E30Z. The organization reported total revenue of $219K and total assets of $14.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Echn Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Echn Inc is a small nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -39.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $683K |
| Surplus / Deficit | $-555,703 |
| Total Assets | $14.8M |
| Total Liabilities | $711K |
| Net Assets | $14.1M |
| Operating Margin | -435.5% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 260.7 months |
Financial Health Grade: B
In 2022, Legacy Echn Inc reported a deficit of $556K with expenses exceeding revenue, holds 260.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Legacy Echn Inc's revenue has declined at a compound annual growth rate (CAGR) of -39.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -67.2% | -50.2% | -9.2% |
| 2021 | +8.9% | +115.3% | -2.0% |
| 2020 | -55.9% | +13.5% | -1.2% |
| 2019 | -91.1% | -54.0% | +0.2% |
| 2018 | -17.8% | +22.8% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Echn Inc with a Mission Score of 65 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: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Legacy Echn Inc allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $556K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees, which is unusual for an entity with over $14 million in assets and requires further scrutiny to understand how leadership is compensated or if services are entirely pro bono.
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 Echn Inc's IRS 990 filings:
- Dramatic decline in revenue from $33.7M in 2016 to $0.2M in 2022 without a corresponding decrease in assets.
- Consistent reporting of $0 compensation for all key personnel, which may indicate undisclosed compensation methods or a lack of paid leadership.
- High administrative expenses relative to program spending, especially given the significant revenue drop.
Strengths
The following positive indicators were identified for Legacy Echn Inc:
- Maintained a substantial asset base of over $14 million despite significant revenue fluctuations.
- Long operational history dating back to at least 2015, indicating resilience.
Frequently Asked Questions about Legacy Echn Inc
Is Legacy Echn Inc a legitimate charity?
Legacy Echn Inc (EIN: 222546079) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $219K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Legacy Echn Inc spend its money?
Legacy Echn Inc directs 50% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Legacy Echn Inc tax-deductible?
Legacy Echn Inc is registered as a tax-exempt nonprofit (EIN: 222546079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Legacy Echn Inc CEO make?
Legacy Echn Inc's highest-compensated officer earns $0 annually. The organization reported $219K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Legacy Echn Inc's spending goes to programs?
Legacy Echn Inc directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Legacy Echn Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Legacy Echn Inc is above average for NTEE category E30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Legacy Echn Inc located?
Legacy Echn Inc is headquartered in Glastonbury, Connecticut and files with the IRS under EIN 222546079. It is classified under NTEE code E30Z.
How many years of IRS 990 filings does Legacy Echn Inc have?
Legacy Echn Inc has 12 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 $219K in total revenue.
What does Legacy Echn Inc do?
Legacy Echn Inc is a nonprofit organization in the Health Care sector, located in Glastonbury, Connecticut. It is classified under NTEE code E30Z.
How much revenue does Legacy Echn Inc have?
Legacy Echn Inc reported total revenue of $218,816. Based on 12 IRS 990 filings on record.
What are Legacy Echn Inc's total assets?
Legacy Echn Inc holds total assets of $14,414,064 as reported in IRS 990 filings.
Where is Legacy Echn Inc located?
Legacy Echn Inc is based in Glastonbury, Connecticut.
What is Legacy Echn Inc's EIN?
Legacy Echn Inc's Employer Identification Number (EIN) is 222546079. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Legacy Echn Inc?
Legacy Echn Inc is classified under NTEE code E30Z (Health Care).
Is Legacy Echn Inc a registered 501(c)(3)?
Yes, Legacy Echn Inc is recognized as a tax-exempt organization by the IRS. EIN: 222546079.
Does Legacy Echn Inc file IRS Form 990?
Yes, Legacy Echn Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202209.
What was Legacy Echn Inc's revenue in 2022?
In the 202209 filing period, Legacy Echn Inc reported total revenue of $127,595, total expenses of $683,298, and net assets of $14,844,292.
Is Legacy Echn Inc's revenue growing or declining?
Legacy Echn Inc's revenue is declining. Revenue went from $389,218 (202109) to $127,595 (202209), a -67.2% change. Based on 12 filings on record.
What is Legacy Echn Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Legacy Echn Inc covers tax period 202209. It shows revenue of $127,595, expenses of $683,298, total assets of $14,844,292, and liabilities of $710,812.
How much does Legacy Echn Inc spend on programs vs administration?
Based on IRS 990 analysis, Legacy Echn Inc allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Legacy Echn Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Legacy Echn Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Legacy Echn Inc?
The following concerns were identified: Dramatic decline in revenue from $33.7M in 2016 to $0.2M in 2022 without a corresponding decrease in assets.. Consistent reporting of $0 compensation for all key personnel, which may indicate undisclosed compensation methods or a lack of paid leadership.. High administrative expenses relative to program spending, especially given the significant revenue drop.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Legacy Echn Inc's strengths?
Positive indicators for Legacy Echn Inc include: Maintained a substantial asset base of over $14 million despite significant revenue fluctuations.. Long operational history dating back to at least 2015, indicating resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does Legacy Echn Inc compensate executives?
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees, which is unusual for an entity with over $14 million in assets and requires further scrutiny to understand how leadership is compensated or if services are entirely pro bono. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the underlying cause for the precipitous drop in revenue from $33,725,185 in 2016 to $218,816 in 2022, and how has the organization sustained its operations and asset base with such a drastic reduction?
The provided data shows a severe decline in reported revenue. Without additional context, it's unclear if this represents a change in reporting, a shift in operational model, or a significant reduction in activities. The sustained asset base suggests either substantial prior reserves, alternative funding not reflected in 'revenue,' or a significant reduction in expenses not detailed.
Given the consistent reporting of $0 compensation for officers, directors, trustees, and key employees, how does Legacy Echn Inc attract and retain leadership, and what mechanisms are in place to ensure accountability and prevent conflicts of interest?
The $0 compensation reported is highly unusual for an organization managing over $14 million in assets. This could imply a fully volunteer-led board and executive team, or that compensation is being provided through non-traditional means not captured in the standard filings, such as through related entities or deferred compensation, which would require deeper investigation.
Filing History
IRS 990 filing history for Legacy Echn Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Legacy Echn Inc's revenue has declined by 99.6%, moving from $29.1M to $128K. Total assets decreased by 34.8% over the same period, from $22.8M to $14.8M. Total functional expenses fell by 97.6%, from $29.0M to $683K. In its most recent filing year (2022), Legacy Echn Inc reported a deficit of $556K, with expenses exceeding revenue. The organization holds $711K in liabilities against $14.8M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $14.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $128K | $683K | $14.8M | $711K | — | View 990 |
| 2021 | $389K | $1.4M | $16.4M | $680K | — | View 990 |
| 2020 | $357K | $637K | $16.7M | $25K | — | — |
| 2019 | $811K | $561K | $16.9M | $50K | — | View 990 |
| 2018 | $9.1M | $1.2M | $16.9M | $157K | — | View 990 |
| 2017 | $11.1M | $993K | $16.9M | $65K | — | View 990 |
| 2016 | $33.7M | $39.3M | $26.8M | $27.9M | — | View 990 |
| 2015 | $31.7M | $31.6M | $21.9M | $17.8M | — | View 990 |
| 2014 | $32.9M | $32.7M | $18.9M | $14.7M | — | View 990 |
| 2013 | $33.5M | $33.1M | $18.1M | $21.5M | — | View 990 |
| 2012 | $30.5M | $30.0M | $20.8M | $24.2M | — | View 990 |
| 2011 | $29.1M | $29.0M | $22.8M | $17.8M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $128K, expenses of $683K, and assets of $14.8M (revenue -67.2% year-over-year).
- 2021: Revenue of $389K, expenses of $1.4M, and assets of $16.4M (revenue +8.9% year-over-year).
- 2020: Revenue of $357K, expenses of $637K, and assets of $16.7M (revenue -55.9% year-over-year).
- 2019: Revenue of $811K, expenses of $561K, and assets of $16.9M (revenue -91.1% year-over-year).
- 2018: Revenue of $9.1M, expenses of $1.2M, and assets of $16.9M (revenue -17.8% year-over-year).
- 2017: Revenue of $11.1M, expenses of $993K, and assets of $16.9M (revenue -67.0% year-over-year).
- 2016: Revenue of $33.7M, expenses of $39.3M, and assets of $26.8M (revenue +6.3% year-over-year).
- 2015: Revenue of $31.7M, expenses of $31.6M, and assets of $21.9M (revenue -3.7% year-over-year).
- 2014: Revenue of $32.9M, expenses of $32.7M, and assets of $18.9M (revenue -1.7% year-over-year).
- 2013: Revenue of $33.5M, expenses of $33.1M, and assets of $18.1M (revenue +9.7% year-over-year).
- 2012: Revenue of $30.5M, expenses of $30.0M, and assets of $20.8M (revenue +4.9% year-over-year).
- 2011: Revenue of $29.1M, expenses of $29.0M, and assets of $22.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Echn Inc:
Data Sources and Methodology
This transparency report for Legacy Echn Inc 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.