R Legacy Foundation
Only null% goes to programs Strong reserves Growing revenue
R Legacy Foundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2017, with $84,226 in FY2024 revenue. CharityIndex grades it C+.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 81-2742274 Since 2017
Revenue (FY2024)
$84K
▲ 54.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$85K
Net assets
$183K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for R Legacy Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating26 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For R Legacy Foundation: 26 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for R Legacy Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For R Legacy Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $39 (FY2017) to $84K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $183K
Operating margin
-0.7%
Spent more than it raised in the latest fiscal year.
Total assets
$183K
Total liabilities
$0
Net assets
$183K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $84,226▲54.2% | $84,831▲9.2% | $182,766▼0.3% | $182,766▼0.3% | 990PF |
| 2023 | $54,635▲5.8% | $77,650▲12.8% | $183,371▼11.2% | $183,371▼11.2% | 990PF |
| 2022 | $51,660▲2.4% | $68,862▲1136% | $206,386▼7.7% | $206,386▼7.7% | 990PF |
| 2021 | $50,426▼0.7% | $5,570▲0.8% | $223,588▲25.1% | $223,588▲25.1% | 990PF |
| 2020 | $50,798▼0.9% | $5,525▼6.0% | $178,732▲33.9% | $178,732▲33.9% | 990PF |
| 2019 | $51,270▲27.9% | $5,877▲29.8% | $133,459▲51.5% | $133,459▲51.5% | 990PF |
| 2018 | $40,098▲102715% | $4,526▼57.0% | $88,066▲67.8% | $88,066▲67.8% | 990PF |
| 2017 | $39 | $10,525 | $52,494 | $52,494 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is R Legacy Foundation a legitimate nonprofit?
- Yes. R Legacy Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 81-2742274, based in Wilmington, Delaware. Donations are tax-deductible.
- What is R Legacy Foundation's EIN?
- R Legacy Foundation's Employer Identification Number (EIN) is 81-2742274.
- How much revenue does R Legacy Foundation report?
- R Legacy Foundation reported $84,226 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does R Legacy Foundation have?
- CharityIndex grades R Legacy Foundation C+, based on financial health (reserves and operating margin).
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Data for R Legacy Foundation (EIN 81-2742274) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.