Legacy Institute For Financial Empowerment
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 13,497 | 15,898 | −2,401 | 5.0 | 0% |
| 2018 | 150,256 | 128,228 | 22,028 | 2.7 | 8% |
| 2019 | 269,246 | 314,560 | −45,314 | -0.6 | 17% |
| 2020 | 525,634 | 403,832 | 121,802 | 3.2 | 53% |
| 2021 | 542,886 | 607,565 | −64,679 | 0.8 | 44% |
| 2022 | 825,277 | 820,706 | 4,571 | 1.0 | 43% |
| 2023 | 927,122 | 1,018,346 | −91,224 | -0.1 | 51% |
In its most recent public year (2023), this organization spent $91,224 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.1 months), down from 5 in 2017. Staff pay was 51% of spending. $358,621 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 2023. 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
Legacy Institute For Financial Empowerment's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works