Legacy School Inc

Analysis

Legacy School Inc is a registered charity in United States, based in Sykesville, MD. It received its IRS tax-exemption ruling in February 2012, 14 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, Legacy School Inc reported income of $4.0m and spending of $3.4m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $4.0m (+85%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Creative Learning 4 Kids Inc ($4.0m), Montessori Childrens Room ($4.0m) and Park City Day School ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $144k (4.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $2.5m against liabilities of $1.1m, net assets of $1.4m. It reported 71 employees.