Legacy Magnet Academy PTO

Analysis

Legacy Magnet Academy PTO is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in November 2021, 5 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 July 2024, Legacy Magnet Academy PTO reported income of $125k and spending of $75k, leaving 40% of income unspent that year. Across the 4 years on record, from July 2021 to July 2024, income grew from $13k to $125k (+891%), an average of +115% a year. The sharpest change came in the year to July 2022, when income rose by 882%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Magnet Academy PTO sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Auditory Oral Foundation ($125k), Friends of Upland Choral Music ($125k) and The Wilderness Arts and Literacy Collaborative ($125k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.