Legacy Philanthropy Works
EIN: 472584632 · Santa Barbara, CA · NTEE: C30
| Metric | Value |
|---|---|
| Total Revenue | $9.2M |
| Total Expenses | $2.5M |
| Net Assets | $1.3M |
Is Legacy Philanthropy Works Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Legacy Philanthropy Works
Legacy Philanthropy Works (EIN: 472584632) is a nonprofit organization based in Santa Barbara, CA, classified under NTEE code C30. The organization reported total revenue of $9.2M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Philanthropy Works's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Philanthropy Works is a mid-size nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 26.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$621K |
| Total Assets | $1.6M |
| Total Liabilities | $311K |
| Net Assets | $1.3M |
| Operating Margin | 19.7% |
| Debt-to-Asset Ratio | 19.1% |
| Months of Reserves | 7.7 months |
Financial Health Grade: A
In 2023, Legacy Philanthropy Works reported a surplus of $621K with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 19.1% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Legacy Philanthropy Works's revenue has grown at a compound annual growth rate (CAGR) of 26.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +82.4% | +59.7% | +116.4% |
| 2022 | +33.7% | +64.1% | +20.6% |
| 2021 | +94.0% | +68.5% | +142.8% |
| 2020 | +15.7% | +6.9% | +29.0% |
| 2019 | -16.2% | -9.1% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Legacy Philanthropy Works 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 Philanthropy Works 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 $621K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.1%.
Frequently Asked Questions about Legacy Philanthropy Works
Is Legacy Philanthropy Works a legitimate charity?
Legacy Philanthropy Works (EIN: 472584632) is a registered tax-exempt nonprofit based in California. It has 8 years of IRS 990 filings on record. Total revenue: $9.2M. No red flags identified. Financial health grade: A.
How does Legacy Philanthropy Works spend its money?
Legacy Philanthropy Works reported $9.2M in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Legacy Philanthropy Works tax-deductible?
Legacy Philanthropy Works is registered as a tax-exempt nonprofit (EIN: 472584632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Legacy Philanthropy Works located?
Legacy Philanthropy Works is headquartered in Santa Barbara, California and files with the IRS under EIN 472584632. It is classified under NTEE code C30.
How many years of IRS 990 filings does Legacy Philanthropy Works have?
Legacy Philanthropy Works has 8 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 $9.2M in total revenue.
Filing History
IRS 990 filing history for Legacy Philanthropy Works showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Legacy Philanthropy Works's revenue has grown by 428.7%, moving from $597K to $3.2M. Total assets increased by 775% over the same period, from $186K to $1.6M. Total functional expenses rose by 494.1%, from $427K to $2.5M. In its most recent filing year (2023), Legacy Philanthropy Works reported a surplus of $621K, with revenue exceeding expenses. The organization holds $311K in liabilities against $1.6M in assets (debt-to-asset ratio: 19.1%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $2.5M | $1.6M | $311K | — | — |
| 2022 | $1.7M | $1.6M | $753K | $55K | — | View 990 |
| 2021 | $1.3M | $967K | $624K | $69K | — | View 990 |
| 2020 | $667K | $574K | $257K | $29K | — | — |
| 2019 | $576K | $537K | $199K | $64K | — | View 990 |
| 2018 | $688K | $591K | $215K | $119K | — | View 990 |
| 2017 | $247K | $421K | $28K | $28K | — | View 990 |
| 2016 | $597K | $427K | $186K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $2.5M, and assets of $1.6M (revenue +82.4% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.6M, and assets of $753K (revenue +33.7% year-over-year).
- 2021: Revenue of $1.3M, expenses of $967K, and assets of $624K (revenue +94.0% year-over-year).
- 2020: Revenue of $667K, expenses of $574K, and assets of $257K (revenue +15.7% year-over-year).
- 2019: Revenue of $576K, expenses of $537K, and assets of $199K (revenue -16.2% year-over-year).
- 2018: Revenue of $688K, expenses of $591K, and assets of $215K (revenue +178.6% year-over-year).
- 2017: Revenue of $247K, expenses of $421K, and assets of $28K (revenue -58.7% year-over-year).
- 2016: Revenue of $597K, expenses of $427K, and assets of $186K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Philanthropy Works:
Data Sources and Methodology
This transparency report for Legacy Philanthropy Works 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.