Legacy Preparatory Christian Academy

Analysis

Legacy Preparatory Christian Academy is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Legacy Preparatory Christian Academy reported income of $7.6m and spending of $6.7m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $7.6m (+72%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Preparatory Christian Academy 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 96th percentile within TX. Charities of a similar size with the same main cause include Oak Grove School LLC ($7.6m), Waldorf Lutheran College Foundation Inc ($7.6m) and Namaste Charter School Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $163k (2.4% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $19.3m against liabilities of $10.5m, net assets of $8.8m. It reported 160 employees.