Legacy College Inc

Analysis

Legacy College Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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 College Inc reported income of $120k and spending of $136k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $134k to $120k (-11%), an average of -10% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legacy College Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include Trego County Historical Society ($120k), PTA South Carolina Congress ($120k) and Little League Baseball Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $26, net assets of $59k.