Quick charity verification for Legacy Educational Foundation Inc (EIN: 202039788)
Verdict: Legacy Educational Foundation Inc has notable concerns
20/100Mission Score
$90Revenue
$3KAssets
3Red Flags
2Strengths
Red Flags
Zero reported expenses for four consecutive years (2020-2023), suggesting inactivity.
Declining asset base from $52,092 in 2014 to $2,830 in 2023.
Extremely low and inconsistent revenue in recent periods.
Strengths
Consistent filing of IRS Form 990-EZ, indicating compliance with reporting requirements for small organizations.
No executive compensation reported, aligning with minimal financial activity.
Spending Breakdown
How Legacy Educational Foundation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Educational Foundation Inc
Is Legacy Educational Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Legacy Educational Foundation Inc (EIN: 202039788) has notable concerns. Mission Score: 20/100. 3 red flags identified, 2 strengths noted.
Is Legacy Educational Foundation Inc a good charity to donate to?
Legacy Educational Foundation Inc has a Mission Score of 20/100. Revenue: $90. Assets: $3K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Legacy Educational Foundation Inc?
The Employer Identification Number (EIN) for Legacy Educational Foundation Inc is 202039788. 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 Educational Foundation Inc spend its money?
Legacy Educational Foundation Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Legacy Educational Foundation Inc's tax-exempt status?
You can verify Legacy Educational Foundation Inc's tax-exempt status using EIN 202039788 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 Educational Foundation Inc appears to be a very small organization with minimal financial activity in recent years. For the past four fiscal periods (2020-2023), the organization reported negligible revenue, ranging from $35 to $161, and zero expenses. This suggests either extremely limited operations or that the organization is largely inactive. Its assets have remained very low, peaking at $52,092 in 2014 and declining significantly to $2,830 by 2023. The consistent reporting of zero expenses in recent years makes it impossible to assess spending efficiency or program focus based on the provided data. The lack of significant financial transactions also limits the scope for transparency analysis, though the consistent filing of 990-EZ forms indicates compliance with basic reporting requirements for small organizations.