Legacy College Preparatory Charter School

Analysis

Legacy College Preparatory Charter School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 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 June 2023, Legacy College Preparatory Charter School reported income of $19.6m and spending of $20.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $19.6m (+212%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy College Preparatory Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Media Matters for America ($19.6m), Escuela Popular Del Pueblo ($19.6m) and San Jose Charter Academy ($19.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $873k (4.3% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $78.7m against liabilities of $73.8m, net assets of $4.9m. It reported 163 employees.