Quick charity verification for Legacy Charter School (EIN: 201946624)
Verdict: Legacy Charter School appears trustworthy
88/100Mission Score
$8.7MRevenue
$23.7MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest fiscal period (202306), indicating a deficit for that year.
Strengths
Consistent revenue growth over the past decade, from $5.58M in 2014 to $8.15M in 2023.
Significant asset growth, particularly a $10M increase between 2022 and 2023, indicating strong financial capacity.
Consistent reporting of 0% officer compensation across all filings, demonstrating excellent transparency and resource allocation.
Low liabilities relative to assets in most periods, indicating good financial stability.
Spending Breakdown
How Legacy Charter School allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Legacy Charter School
Is Legacy Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Legacy Charter School (EIN: 201946624) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Legacy Charter School a good charity to donate to?
Legacy Charter School has a Mission Score of 88/100. Revenue: $8.7M. Assets: $23.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Legacy Charter School?
The Employer Identification Number (EIN) for Legacy Charter School is 201946624. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Legacy Charter School spend its money?
Legacy Charter School allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Legacy Charter School's tax-exempt status?
You can verify Legacy Charter School's tax-exempt status using EIN 201946624 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Legacy Charter School demonstrates a generally stable financial position, with consistent revenue growth over the past decade, increasing from $5.58 million in 2014 to $8.15 million in 2023. The organization's assets have also seen substantial growth, particularly between 2022 and 2023, jumping from $13.15 million to $23.83 million, indicating significant investment or capital acquisition. While expenses have generally tracked revenue, the 2023 filing shows expenses ($8,579,805) exceeding revenue ($8,154,768), resulting in a deficit for that period. This recent deficit warrants monitoring, though it follows a surplus in 2022. The consistent reporting of 0% officer compensation across all available filings suggests strong financial transparency regarding executive pay, aligning with best practices for non-profit governance. Overall, the school appears to be managing its finances responsibly, with a clear focus on its educational mission, as evidenced by its NTEE code and consistent operational spending.