Legacy Charter School

Analysis

Legacy Charter School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Charter School reported income of $8.2m and spending of $8.6m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $8.2m (+27%), an average of +6.1% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Choice Academies Inc ($8.2m), American School of Tangier ($8.2m) and Hammond Urban Academy Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $218k (2.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $23.8m against liabilities of $4.3m, net assets of $19.5m. It reported 82 employees.