Legacy Endowment Inc
Legacy Endowment Inc. maintains over $2 million in assets with highly volatile revenue and minimal reported operational expenses.
EIN: 204626278 · Overland Park, KS · NTEE: X11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $51K |
| Total Expenses | $146K |
| Program Spending | 90% |
| Net Assets | $1.9M |
| Transparency Score | 70/100 |
Is Legacy Endowment Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Legacy Endowment Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Legacy Endowment Inc
Legacy Endowment Inc (EIN: 204626278) is a nonprofit organization based in Overland Park, KS, classified under NTEE code X11. The organization reported total revenue of $51K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Endowment Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Endowment Inc is a micro nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | +5400.5% | -7.1% |
| 2022 | -82.7% | +251.1% | +3.2% |
| 2021 | +458.1% | — | +12.8% |
| 2019 | -130.9% | -138.5% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Endowment Inc with a Mission Score of 70 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Legacy Endowment Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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:
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, suggesting that the organization is either entirely volunteer-run at the executive level or that executive services are provided pro bono or through an external entity not directly compensated by the organization.
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 Endowment Inc's IRS 990 filings:
- Highly volatile revenue, including negative revenue in 2019 ($-47,882) and 2016 ($-24,632), and zero revenue in 2023.
- Significant expense of $145,819 in 2023 with $0 revenue, which is a stark contrast to previous years' minimal expenses and warrants further investigation.
- Lack of detailed expense breakdown makes it difficult to ascertain true spending efficiency and program allocation beyond high-level figures.
Strengths
The following positive indicators were identified for Legacy Endowment Inc:
- Strong and consistently growing asset base, increasing from $1,495,918 in 2014 to $2,103,627 currently.
- Consistent IRS 990 filing history, indicating compliance and transparency in reporting.
- Zero reported officer compensation, suggesting efficient use of funds at the executive level or a volunteer-driven leadership.
Frequently Asked Questions about Legacy Endowment Inc
Is Legacy Endowment Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Legacy Endowment Inc (EIN: 204626278) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Legacy Endowment Inc spend its money?
Legacy Endowment Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Legacy Endowment Inc tax-deductible?
Legacy Endowment Inc is registered as a tax-exempt nonprofit (EIN: 204626278). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Legacy Endowment Inc's spending goes to programs?
Legacy Endowment Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Legacy Endowment Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Legacy Endowment Inc is above average for NTEE category X11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Legacy Endowment Inc located?
Legacy Endowment Inc is headquartered in Overland Park, Kansas and files with the IRS under EIN 204626278. It is classified under NTEE code X11.
How many years of IRS 990 filings does Legacy Endowment Inc have?
Legacy Endowment 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 $51K in total revenue.
What caused the $145,819 in expenses in 2023 when revenue was $0?
The provided data does not specify the nature of these expenses. Given the organization's NTEE code and asset base, it could be related to investment management fees, grants distributed, or other administrative costs not typically seen in prior years' low expense figures.
How does Legacy Endowment Inc. generate revenue, given the significant fluctuations and negative figures in some years?
The revenue volatility, including negative amounts, suggests that a significant portion of revenue might come from investment gains/losses or contributions that fluctuate widely. Further detail on revenue sources would be needed to understand this pattern.
What are the specific programmatic activities or grants made by Legacy Endowment Inc.?
The IRS 990 data provided does not detail specific programmatic activities or grants. Given the low reported expenses in most years, it's unclear if significant direct programming or grant-making occurs, or if the organization primarily focuses on asset growth.
Why is officer compensation consistently reported as 0%?
A consistent 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that any compensation is structured in a way that is not reported under 'Officer Comp' on the 990, such as through a management company.
Filing History
IRS 990 filing history for Legacy Endowment Inc showing financial trends over 12 years of public records:
Total assets increased by 32.2% over the same period, from $1.4M to $1.9M. Total functional expenses rose by 16603.2%, from $873 to $146K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $146K | $1.9M | $0 | — | View 990 |
| 2022 | $66K | $3K | $2.1M | $0 | — | View 990 |
| 2021 | $380K | $755 | $2.0M | $0 | — | View 990 |
| 2020 | $68K | $-645 | $1.8M | $0 | — | View 990 |
| 2019 | $-47,882 | $-196 | $1.7M | $0 | — | View 990 |
| 2018 | $155K | $509 | $1.7M | $0 | — | View 990 |
| 2017 | $91K | $663 | $1.6M | $0 | — | View 990 |
| 2016 | $-24,632 | $419 | $1.5M | $0 | — | View 990 |
| 2015 | $31K | $298 | $1.5M | $0 | — | View 990 |
| 2014 | $61K | $457 | $1.5M | $0 | — | View 990 |
| 2013 | $-6,483 | $993 | $1.4M | $0 | — | View 990 |
| 2012 | $-37,436 | $873 | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $146K, and assets of $1.9M (revenue -100.0% year-over-year).
- 2022: Revenue of $66K, expenses of $3K, and assets of $2.1M (revenue -82.7% year-over-year).
- 2021: Revenue of $380K, expenses of $755, and assets of $2.0M (revenue +458.1% year-over-year).
- 2020: Revenue of $68K, expenses of $-645, and assets of $1.8M.
- 2019: Revenue of $-47,882, expenses of $-196, and assets of $1.7M (revenue -130.9% year-over-year).
- 2018: Revenue of $155K, expenses of $509, and assets of $1.7M (revenue +71.3% year-over-year).
- 2017: Revenue of $91K, expenses of $663, and assets of $1.6M.
- 2016: Revenue of $-24,632, expenses of $419, and assets of $1.5M (revenue -180.1% year-over-year).
- 2015: Revenue of $31K, expenses of $298, and assets of $1.5M (revenue -49.2% year-over-year).
- 2014: Revenue of $61K, expenses of $457, and assets of $1.5M.
- 2013: Revenue of $-6,483, expenses of $993, and assets of $1.4M.
- 2012: Revenue of $-37,436, expenses of $873, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Endowment Inc:
Data Sources and Methodology
This transparency report for Legacy Endowment 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.