Royal Legacy Christian Academy

Analysis

Royal Legacy Christian Academy is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in June 2018, 8 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, Royal Legacy Christian Academy reported income of $346k and spending of $368k, spending 106% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $216k to $346k (+60%), an average of +60% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Royal Legacy Christian Academy sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within IA. Charities of a similar size with the same main cause include Middlebury Studio School ($346k), Berkeley High School Athletic Booster Club ($346k) and Explore Mars Inc ($346k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $60k (16% of expenses). Other salaries and wages came to $206k. At year end it held assets of $1,565 against liabilities of $22k, net assets of -$21k. It reported 23 employees.