Legacy Christian School Inc

Analysis

Legacy Christian School Inc is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in September 2006, 20 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 May 2023, Legacy Christian School Inc reported income of $3.1m and spending of $3.7m, spending 119% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.6m to $3.1m (+88%), an average of +24% a year. The sharpest change came in the year to May 2022, when income rose by 81%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Christian School Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Snow College Foundation ($3.1m), Peace Academy Charter ($3.1m) and Community College of Denver Foundation ($3.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $169k (4.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.3m against liabilities of $921k, net assets of $1.3m. It reported 94 employees.