Legacy Scholars Program

Analysis

Legacy Scholars Program is a registered charity in United States, based in Battle Creek, MI. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Legacy Scholars Program reported income of $415k and spending of $255k, leaving 39% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $114k to $415k (+264%), an average of +38% a year. The sharpest change came in the year to March 2021, when income rose by 131%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Scholars Program sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Penfield Patriots Sports Booster Club Inc ($415k), Inspirations Early Learning Center ($416k) and American Gi Forum Education Foundation of Santa Maria Ca ($415k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. At year end it held assets of $660k against liabilities of $352k, net assets of $309k.