Legacy Preparatory Academy Inc

Analysis

Legacy Preparatory Academy Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in January 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 2023, Legacy Preparatory Academy Inc reported income of $2.2m and spending of $2.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $2.2m (-7.6%), an average of -1.9% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 102% 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 Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Live Oak Academy ($2.2m), Midnimo Cross Cultural Middle School ($2.2m) and New Horizon School for the Perfoming Arts ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $455k against liabilities of $780k, net assets of -$325k. It reported 31 employees.