Legacy Christian Academy

Analysis

Legacy Christian Academy is a registered charity in United States, based in Andover, MN. It received its IRS tax-exemption ruling in February 2004, 22 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 2024, Legacy Christian Academy reported income of $13.4m and spending of $10.5m, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $8.3m to $13.4m (+62%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Christian Academy sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include North Star Charter School Inc ($13.4m), Northcoast Childrens Services Inc ($13.4m) and Tiospa Zina Tribal School ($13.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $289k (2.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $25.7m against liabilities of $10.7m, net assets of $15.0m. It reported 196 employees.