Legacy Education Affordability Fund

Analysis

Legacy Education Affordability Fund is a registered charity in United States, based in Xenia, OH. It received its IRS tax-exemption ruling in September 2022, 4 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 Education Affordability Fund reported income of $66k and spending of $74k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $66k (-15%), an average of -15% a year. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Education Affordability Fund sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Family Empowerment Ministries Inc ($66k), Parent Teacher Association of the Neighborhood School Inc ($66k) and Vip Consortium Inc ($66k).

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 $63k against liabilities of $0, net assets of $63k.