Legacy Academy Inc

Analysis

Legacy Academy Inc is a registered charity in United States, based in Branson, MO. It received its IRS tax-exemption ruling in July 2023, 3 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 Academy Inc reported income of $378k and spending of $344k, spending 91% of its income. The sharpest change came in the year to June 2023, when income dropped by 49%. Over the whole period it spent 38% 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 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within MO. Charities of a similar size with the same main cause include Lake Country Montessori Inc ($378k), Sheridan High Booster Club ($378k) and Kingdom Classical Academy ($378k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $12k (3.5% of expenses). Other salaries and wages came to $206k. At year end it held assets of $589k against liabilities of $82k, net assets of $507k.