Legacy Flight Academy

Analysis

Legacy Flight Academy is a registered charity in United States, based in Oxon Hill, MD. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legacy Flight Academy reported income of $118k and spending of $50k, leaving 57% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $55k to $118k (+114%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Legacy Flight Academy sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Meadowlark House Child Advocacy Center ($118k), The Womens Commission of Southwest Louisiana ($118k) and Grand Prairie Food and Clothing Assistance Corporation ($118k).

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 $179k against liabilities of $0, net assets of $179k.