Health Care (E70) IRS Verified DX Registered 990 on File

THE LEGACY FOUNDATION OF HARTFORD INC

EIN: 45-3908154 · HARTFORD, CT 06112-2132 · United States · FY 2023 Data

3 out of 5 49 / 100 Based on 2+ years of filings

Financial strength (30%) 60/100

Reliability (20%) 50/100

Effectiveness (25%) 83/100

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

Founded in 2012, the Legacy Foundation works to improve educational outcomes for the children of Hartford by focusing on root causes of inequality. The Legacy Foundation was established by local finance professionals who are members of Omega Psi Phi, an internationally-renowned African-American fraternity. This group, now Legacy’s Board, wanted to bring Omega’s commitment to community stewardship, mentorship, and education to Hartford’s North End. Legacy’s programs address the disparities in educational and health outcomes for African-Americans in greater Hartford, its children in particular. Its long-term goal is to prepare a critical mass of Hartford’s children for college attendance and completion.

Financial Overview — FY 2023

$1.1M

Total Revenue

$1.1M

Total Expenses

$160K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 89.5%

Fundraising Efficiency 291.4%

Operating Reserve 1.82x

Liability-to-Asset 83.8%

Revenue Diversification 99.7%

Executive Compensation $57K

Compared with Peers

FY 2023

Compared with 4,434 similar organizations (United States, Health Care, $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	89.5%	84.9%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	7.4%	11.8%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	3.1%	0.0%	P10P90	Below median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	291.4%	125.2%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	1.8 mo	9.7 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	83.8%	14.7%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	99.7%	91.3%	P10P90	Bottom quarter
Revenue growth Year over year revenue growth	131.3%	5.6%	P10P90
Expense growth Year over year expense growth	114.2%	9.2%	P10P90
Surplus margin Surplus as a share of revenue	4.0%	1.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$1.1M	$1.1M	$160K	89.5%	2
2022	$473K	$491K	$116K	84.8%	2
2021	$524K	$474K	N/A	—	6

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Organization Details

EIN: 45-3908154
State: CT
City: HARTFORD
ZIP: 06112-2132
Classification: E70
Category: Health Care
Rating: 3★
Coverage: A
Last Updated: Aug 2026
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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