Enchantment Legacy

Analysis

Enchantment Legacy is a registered charity in United States, based in Estancia, NM. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Enchantment Legacy reported income of $955k and spending of $715k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $661k to $955k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Enchantment Legacy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within NM. Charities of a similar size with the same main cause include Building Trades Educational Benefit Fund ($955k), Heart Prints Center for Early Education ($955k) and Entrepreneurs Organization ($955k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $604k. At year end it held assets of $754k against liabilities of $101k, net assets of $653k. It reported 56 employees.