Christs Legacy Academy Inc

Analysis

Christs Legacy Academy Inc is a registered charity in United States, based in Athens, TN. It received its IRS tax-exemption ruling in August 2010, 16 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, Christs Legacy Academy Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $795k to $1.1m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christs Legacy Academy Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Association of Two-Way and Dual Language Education ($1.1m), Acorn Christian Montessori School ($1.1m) and Naccu FN ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $84k (7.7% of expenses). Other salaries and wages came to $636k. At year end it held assets of $1.3m against liabilities of $72k, net assets of $1.2m. It reported 22 employees.