Legacy Secondary Schools Inc

Analysis

Legacy Secondary Schools Inc is a registered charity in United States, based in Valencia, CA. It received its IRS tax-exemption ruling in December 2008, 18 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 2022, Legacy Secondary Schools Inc reported income of $6.8m and spending of $7.7m, spending 114% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $6.2m to $6.8m (+9.0%), an average of +2.9% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Secondary Schools Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Choices in Learning Inc ($6.8m), Fayetteville Christian School ($6.8m) and The Education Fund Inc ($6.8m).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $138k (1.8% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $3.2m against liabilities of $210k, net assets of $3.0m.