Legendz Sports Academy Inc

Analysis

Legendz Sports Academy Inc is a registered charity in United States, based in Zachary, LA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Legendz Sports Academy Inc reported income of $146k and spending of $164k, spending 112% of what it took in. Across the 3 years on record, from December 2018 to December 2023, income fell from $147k to $146k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Legendz Sports Academy Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within LA. Charities of a similar size with the same main cause include United Way of Columbia County Inc ($146k), Grants Guardians ($146k) and Black Transwomen Inc ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.