New Legacy Charter School Qalicb

Analysis

New Legacy Charter School Qalicb is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Legacy Charter School Qalicb reported income of $191k and spending of $420k, spending 220% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $542k to $191k (-65%), an average of -29% a year. The sharpest change came in the year to June 2022, when income dropped by 65%. Over the whole period it spent 175% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Legacy Charter School Qalicb sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 49th percentile within CO. Charities of a similar size with the same main cause include California Tow Truck Association Foundation Inc ($191k), Santa Claus School ($191k) and Powell Christian School ($191k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $5.0m against liabilities of $5.9m, net assets of -$831k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.