Charity Search / LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT
Youth Development (O99) 990 on File

LEGACY INSTITUTE FOR FINANCIAL EMPOWERMENT

EIN: 47-1941953 · LUFKIN, TX 75904-2865 · United States · FY 2023 Data
3 out of 5 49 / 100 Based on 2+ years of filings
Financial strength (30%) 63/100
Reliability (20%) 50/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$927K
Total Revenue
$1.0M
Total Expenses
$-8,846
Net Assets
15
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 80.0%
Fundraising Efficiency N/A
Operating Reserve -0.10x
Liability-to-Asset 101.2%
Revenue Diversification 82.2%
Executive Compensation $0
Compared with Peers
FY 2023
Compared with 1,721 similar organizations (United States, Youth Development, $1M–$10M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
80.0% 82.0%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
15.3% 12.0%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
4.7% 3.9%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
-0.1 mo 12.0 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
101.2% 8.9%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
82.2% 89.2%
P10P90
Above median
Revenue growth
Year over year revenue growth
12.3% 8.9%
P10P90
Expense growth
Year over year expense growth
24.1% 14.2%
P10P90
Surplus margin
Surplus as a share of revenue
-9.8% 2.4%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $927K $1.0M $-8,846 80.0% 15
2022 $825K $821K $69K 90.0% 11
2021 $543K $608K N/A 19
2020 $526K $404K N/A 17
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Organization Details
EIN
47-1941953
State
TX
City
LUFKIN
ZIP
75904-2865
Classification
O99
Category
Youth Development
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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