Legacy Education Inc

Analysis

Legacy Education Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Legacy Education Inc reported income of $258k and spending of $288k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $338k to $258k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Education Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include North American Jat Charities Inc ($258k), Global Business Success Foundation ($258k) and Palm Desert Middle School Band Boosters ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.