Legacy Schools

Analysis

Legacy Schools is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in March 2017, 9 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 September 2023, Legacy Schools reported income of $6.4m and spending of $5.3m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $6.4m (+299%), an average of +41% a year. The sharpest change came in the year to September 2020, when income rose by 86%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Schools sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 96th percentile within AL. Charities of a similar size with the same main cause include Virginia New Majority Education Fund ($6.4m), Acera School Inc ($6.4m) and Wayne State Foundation ($6.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $2.4m against liabilities of $562k, net assets of $1.9m.