Legacy Academy of Delaware Inc

Analysis

Legacy Academy of Delaware Inc is a registered charity in United States, based in Georgetown, DE. It received its IRS tax-exemption ruling in April 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 December 2023, Legacy Academy of Delaware Inc reported income of $242k and spending of $246k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $242k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Academy of Delaware Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 53rd percentile within DE. Charities of a similar size with the same main cause include Washington Open Parent Faculty Group ($242k), Books Are Wings ($242k) and Presidio Childhood Education Coalition ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $36k (15% of expenses). Other salaries and wages came to $132k. At year end it held assets of $35k against liabilities of $0, net assets of $35k. It reported 9 employees.