Legacy Preparatory Academy

Analysis

Legacy Preparatory Academy is a registered charity in United States, based in Woods Cross, UT. It received its IRS tax-exemption ruling in May 2007, 19 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 2023, Legacy Preparatory Academy reported income of $9.4m and spending of $9.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $9.4m (+13%), an average of +3.1% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Preparatory Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within UT. Charities of a similar size with the same main cause include Kipp Administrative Services Corporation ($9.4m), Ki Education Foundation ($9.4m) and Khan Lab School ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.7% of the total. At year end it held assets of $32.0m against liabilities of $25.7m, net assets of $6.3m.