Legacy Academy for Jewish Education Incorporated

Analysis

Legacy Academy for Jewish Education Incorporated is a registered charity in United States, based in Granada Hills, CA. It received its IRS tax-exemption ruling in November 2019, 7 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 August 2023, Legacy Academy for Jewish Education Incorporated reported income of $882k and spending of $905k, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $497k to $882k (+77%), an average of +15% a year. The sharpest change came in the year to August 2022, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Academy for Jewish Education Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Growing Place Family Preschool ($881k), University of South Carolina Beaufort Education Foundation ($882k) and Energy Education Council ($881k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $60k (6.6% of expenses). Other salaries and wages came to $353k. At year end it held assets of $247k against liabilities of $131k, net assets of $117k. It reported 29 employees.