Legacy Education Group

Analysis

Legacy Education Group is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Legacy Education Group reported income of $2.5m and spending of $2.2m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $2.5m (+45%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacy Education Group sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within AZ. Charities of a similar size with the same main cause include Kesher Organization Inc ($2.5m), Public Religion Research Institute ($2.5m) and Rapha Ministires Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $143k (6.4% of expenses). Other salaries and wages came to $906k. At year end it held assets of $1.5m against liabilities of $829k, net assets of $661k. It reported 26 employees.