Legacy Advance Inc

Analysis

Legacy Advance Inc is a registered charity in United States, based in Mission Viejo, CA. It received its IRS tax-exemption ruling in October 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 December 2023, Legacy Advance Inc reported income of $146k and spending of $141k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $146k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Advance Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Entrepreneurs Organization ($146k), Orange & Black Athletic Boosters of Perry County Inc ($146k) and Redlands High School Vocal Music Boosters ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $33k, net assets of $14k.