New Legacy Charter High School

Analysis

New Legacy Charter High School is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in July 2014, 12 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, New Legacy Charter High School reported income of $4.3m and spending of $3.9m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.2m to $4.3m (+33%), an average of +5.8% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Legacy Charter High School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Public School Bible Study Committee ($4.3m), Wheeling Country Day School ($4.3m) and Little Buns Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $154k (3.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.5m against liabilities of $5.7m, net assets of -$2.2m. It reported 43 employees.