Legacy Traditional Schools

Analysis

Legacy Traditional Schools is a registered charity in United States, based in Chandler, AZ. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Legacy Traditional Schools reported income of $647k and spending of $841k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $610k to $647k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Traditional Schools sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include The Kings Academy ($647k), Friends of the Brandon Public Library ($647k) and Living Christ for Kids Inc ($647k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $585k. At year end it held assets of $1.9m against liabilities of $2.1m, net assets of -$245k. It reported 199 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.