Recreation & Sports (N112) IRS Verified DX Registered 990 on File

LEGACY PARKS FOUNDATION

EIN: 20-4631230 · KNOXVILLE, TN 37915-2564 · United States · FY 2023 Data

3 out of 5 55 / 100 Based on 2+ years of filings

Financial strength (30%) 79/100

Reliability (20%) 55/100

Effectiveness (25%) 81/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Legacy Parks Foundation is an East Tennessee nonprofit organization working to assure that our community enjoys exceptional recreational opportunities, natural beauty and open spaces, and that these assets exist for generations to come. We work collaboratively to preserve our area’s extraordinary natural resources and to expand parks, create trails, and increase access to our rivers. Since 2007, Legacy Parks has raised over $21 million dollars for parks and open space, helped conserve 1,000 acres of forest and farmland, and added over 700 acres of parkland in Knox County. Our mission is to enrich and enhance community health and livability in East Tennessee by identifying acquiring, preserving, developing natural assets for public use and recreation.

Financial Overview — FY 2023

$2.2M

Total Revenue

$1.2M

Total Expenses

$4.6M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 85.2%

Fundraising Efficiency 98.0%

Operating Reserve 45.51x

Liability-to-Asset 1.1%

Revenue Diversification 95.8%

Executive Compensation $163K

Compared with Peers

FY 2023

Compared with 2,002 similar organizations (United States, Recreation & Sports, $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	85.2%	87.3%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	5.0%	9.6%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	9.9%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	98.0%	43.7%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	45.5 mo	8.5 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	1.1%	11.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	95.8%	90.1%	P10P90	Below median
Revenue growth Year over year revenue growth	71.6%	10.1%	P10P90
Expense growth Year over year expense growth	50.1%	13.3%	P10P90
Surplus margin Surplus as a share of revenue	44.1%	2.8%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$2.2M	$1.2M	$4.6M	85.2%	6
2022	$1.3M	$814K	$2.8M	80.5%	6
2021	$1.0M	$609K	N/A	—	5

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Organization Details

EIN: 20-4631230
State: TN
City: KNOXVILLE
ZIP: 37915-2564
Classification: N112
Category: Recreation & Sports
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2005
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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