Legacy Of Life Foundation
EIN: 453166872 · Yardley, PA · NTEE: T20
Is Legacy Of Life Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Legacy Of Life Foundation
Legacy Of Life Foundation (EIN: 453166872) is a nonprofit organization based in Yardley, PA, classified under NTEE code T20. The organization reported total revenue of $4.5M and total assets of $7.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Of Life Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Of Life Foundation is a mid-size nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$426K |
| Total Assets | $4.4M |
| Total Liabilities | $1.1M |
| Net Assets | $3.3M |
| Operating Margin | 14.7% |
| Debt-to-Asset Ratio | 25.5% |
| Months of Reserves | 21.3 months |
Financial Health Grade: A
In 2023, Legacy Of Life Foundation reported a surplus of $426K with revenue exceeding expenses, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 25.5% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Legacy Of Life Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +-0.0% | +31.0% | +42.5% |
| 2022 | +23.2% | +16.8% | +61.9% |
| 2021 | +39.0% | +29.3% | +67.2% |
| 2020 | +21.0% | +3.6% | +68.5% |
| 2019 | +28.3% | +40.0% | +96.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Legacy Of Life Foundation 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 Of Life Foundation 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 surplus of $426K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.5%.
Frequently Asked Questions about Legacy Of Life Foundation
Is Legacy Of Life Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Legacy Of Life Foundation (EIN: 453166872) insufficient data. 0 red flags identified, 0 strengths noted.
How does Legacy Of Life Foundation spend its money?
Detailed spending breakdown data is not yet available for Legacy Of Life Foundation. Check back for updated IRS 990 analysis.
Are donations to Legacy Of Life Foundation tax-deductible?
Legacy Of Life Foundation is registered as a tax-exempt nonprofit (EIN: 453166872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Legacy Of Life Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Legacy Of Life Foundation's revenue has grown by 539.5%, moving from $452K to $2.9M. Total assets increased by 1332.7% over the same period, from $305K to $4.4M. Total functional expenses rose by 1281.6%, from $178K to $2.5M. In its most recent filing year (2023), Legacy Of Life Foundation reported a surplus of $426K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $4.4M in assets (debt-to-asset ratio: 25.5%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.5M | $4.4M | $1.1M | — | — |
| 2022 | $2.9M | $1.9M | $3.1M | $237K | — | View 990 |
| 2021 | $2.3M | $1.6M | $1.9M | $73K | — | View 990 |
| 2020 | $1.7M | $1.2M | $1.1M | $45K | — | — |
| 2019 | $1.4M | $1.2M | $673K | $26K | — | View 990 |
| 2018 | $1.1M | $860K | $342K | $10K | — | View 990 |
| 2017 | $803K | $790K | $111K | $5K | — | View 990 |
| 2016 | $673K | $709K | $96K | $4K | — | View 990 |
| 2015 | $470K | $716K | $138K | $10K | — | View 990 |
| 2014 | $368K | $411K | $341K | $1K | — | View 990 |
| 2013 | $374K | $314K | $348K | $6K | — | View 990 |
| 2012 | $452K | $178K | $305K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.5M, and assets of $4.4M (revenue +-0.0% year-over-year).
- 2022: Revenue of $2.9M, expenses of $1.9M, and assets of $3.1M (revenue +23.2% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.6M, and assets of $1.9M (revenue +39.0% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.2M, and assets of $1.1M (revenue +21.0% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.2M, and assets of $673K (revenue +28.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $860K, and assets of $342K (revenue +35.2% year-over-year).
- 2017: Revenue of $803K, expenses of $790K, and assets of $111K (revenue +19.3% year-over-year).
- 2016: Revenue of $673K, expenses of $709K, and assets of $96K (revenue +43.4% year-over-year).
- 2015: Revenue of $470K, expenses of $716K, and assets of $138K (revenue +27.8% year-over-year).
- 2014: Revenue of $368K, expenses of $411K, and assets of $341K (revenue -1.6% year-over-year).
- 2013: Revenue of $374K, expenses of $314K, and assets of $348K (revenue -17.3% year-over-year).
- 2012: Revenue of $452K, expenses of $178K, and assets of $305K.
Data Sources and Methodology
This transparency report for Legacy Of Life 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.