Legacy Academy Inc

Analysis

Legacy Academy Inc is a registered charity in United States, based in Nampa, ID. It received its IRS tax-exemption ruling in January 2020, 6 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 December 2023, Legacy Academy Inc reported income of $511k and spending of $570k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $284k to $511k (+80%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 189%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Academy Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within ID. Charities of a similar size with the same main cause include Community Montessori School Inc ($511k), Lil Wildcat Education Center Inc ($511k) and Sun Prairie Education Foundation Inc ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 90% of the total. Other salaries and wages came to $175k. At year end it held assets of $501k against liabilities of $4,869, net assets of $496k. It reported 19 employees.