everyledgerAn index of 679,731 U.S. nonprofits · computed from public IRS filings · current through 2024

Legacy Scholarship Funds Inc

Walled Lake, MI / EIN 38-2458957 / Form 990 / latest filing 2024
Operating record · U.S. dollars
Fiscal yearRevenueExpensesNetReserve mo.Staff %
2012102,002108,309−6,307136.10%
2013192,952125,46167,491123.20%
2014172,157129,48342,674122.40%
201599,37396,3133,060158.50%
2016164,52896,84067,688169.90%
201794,307113,910−19,603147.30%
2018169,893114,98954,904150.75%
2019179,723122,08857,635144.66%
2020114,100116,125−2,025149.86%
2021114,662126,535−11,873139.16%
2022108,099134,815−26,716119.66%
202375,871121,223−45,352136.66%
2024130,298128,4531,845134.66%

In its most recent public year (2024), this organization brought in $1,845 more than it spent. Its reserves stood at about 134.6 months of spending, down from 136.1 in 2012. Staff pay was 6% of spending. $416,606 of its net assets are donor-restricted.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings

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