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Legacy of Hope Inc

EIN 82-2951677 · Philadelphia, PA

Public records raise at least one point you should look into before giving.

LegitimacyCautionRegistration and standingFinancial healthGood75 out of 100GovernanceFair56 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

LEGACY OF HOPE IS FOCUSED ON PARTNERSHIPS WITH LOCAL BUSINESSES AND CANCER CENTERS TO BRING AN UNPARALLELED LEVEL OF SUPPORT TO PHILADELPHIAS MOST FINANCIALLY DISTRESSED CANCER PATIENTS AND PROVIDING THE GREATEST DONOR IMPACT IN CANCER RESEARCH BY FUNDING PHILADELPHIAS MOST CUTTING EDGE AND PROMISING CANCER RESEARCH.

Income
$340,430
Spending
$321,352
Spent on programs
88%
Reserves
1.9 months of spending
Largest source of income
donations and private grants, 100%
Employees
2
Volunteers
10
Highest pay
$62,500, president

Source: Form 990 for the year ending December 31, 2022, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 75 out of 100. Higher than 37% of charities in its peer group (diseases, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.9 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 6% of income.

  • Income trend

    15 of 15

    Income rose 43% on the year before.

  • Spending floor

    15 of 15

    88% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending December 31, 2022, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 56 out of 100. Higher than 24% of charities in its peer group (diseases, $250k to $1m).

  • Independent board

    25 of 25

    10 of 12 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2022, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $38,016 spent. THE ORGANIZATION HAS UTILIZED THE EXPERTISE OF THE DIRECTOR OF SOLID TUMOR ONCOLOCY AT A LOCAL HOSPITAL TO LEAD THE EFFORT TO PROVIDE FUNDING TO PROMISING CANCER RESEARCH. DURING THE YEAR THE ORGANIZATION HAS BEEN ABLE TO PROVIDE RESEARCH DOLLARS TO THREE HIGHLY RESPECTED RESEARCH PROGRAMS IN THE PHILADELPHIA REGION.
  2. $245,084 spent. THE ORGANIZATION HAS BEEN ABLE TO FINANCIALLY SUPPORT THREE HIGHLY RESPECTED CANCER FACILITIES IN THE PHILADELPHIA REGION. THE ORGANIZATION'S FINANCIAL SUPPORT IS USED TO PROVIDE DIRECT FISCAL SUPPORT TO DISTRESSED CANCER PATIENTS AND THEIR FAMILIES.

Source: Form 990 for the year ending December 31, 2022, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Caution.

    Most recent return on file covers the year ending December 2022. Organizations that miss three years of returns lose their exemption.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2018.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.