Legacy Traditional Schools - Nevada Inc

Analysis

Legacy Traditional Schools - Nevada Inc is a registered charity in United States, based in Chandler, AZ. It received its IRS tax-exemption ruling in December 2016, 10 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 Traditional Schools - Nevada Inc reported income of $40.7m and spending of $42.6m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.1m to $40.7m (+113%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 73%. Over the whole period it spent 106% 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 - Nevada Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Vaughn College of Aeronautics and Technology ($40.7m), Atlanta Speech School Inc ($40.7m) and William Jewell College ($40.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Other salaries and wages came to $15.5m. At year end it held assets of $101.2m against liabilities of $114.1m, net assets of -$12.9m. It reported 489 employees.