Legacy Academy Inc
EIN: 812193199 · Mesa, AZ · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $135K |
| Total Expenses | $135K |
| Net Assets | $-525 |
Is Legacy Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Legacy Academy Inc
Legacy Academy Inc (EIN: 812193199) is a nonprofit organization based in Mesa, AZ, classified under NTEE code B20. The organization reported total revenue of $135K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Academy Inc is a small nonprofit that has been operating for 7 years, with 2 years of IRS 990 filings on record (2018–2019). Revenue has grown at a compound annual rate of -46.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $135K |
| Total Expenses | $135K |
| Surplus / Deficit | $-632 |
| Total Assets | $1 |
| Total Liabilities | $526 |
| Net Assets | $-525 |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 52600.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2019, Legacy Academy Inc reported a deficit of $632 with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 52600.0% (high leverage).
Financial Trends
Over 2 years of filings (2018–2019), Legacy Academy Inc's revenue has declined at a compound annual growth rate (CAGR) of -46.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -46.3% | -45.4% | -99.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Legacy Academy Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Legacy Academy Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $632, with expenses exceeding revenue.
- Debt-to-asset ratio: 52600.0%.
Frequently Asked Questions about Legacy Academy Inc
Is Legacy Academy Inc a legitimate charity?
Legacy Academy Inc (EIN: 812193199) is a registered tax-exempt nonprofit based in Arizona. It has 2 years of IRS 990 filings on record. Total revenue: $135K. No red flags identified. Financial health grade: D.
How does Legacy Academy Inc spend its money?
Legacy Academy Inc reported $135K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Legacy Academy Inc tax-deductible?
Legacy Academy Inc is registered as a tax-exempt nonprofit (EIN: 812193199). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Legacy Academy Inc located?
Legacy Academy Inc is headquartered in Mesa, Arizona and files with the IRS under EIN 812193199. It is classified under NTEE code B20.
How many years of IRS 990 filings does Legacy Academy Inc have?
Legacy Academy Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $135K in total revenue.
Filing History
IRS 990 filing history for Legacy Academy Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2018–2019), Legacy Academy Inc's revenue has declined by 46.3%, moving from $251K to $135K. Total assets decreased by 99.1% over the same period, from $106 to $1. Total functional expenses fell by 45.4%, from $248K to $135K. In its most recent filing year (2019), Legacy Academy Inc reported a deficit of $632, with expenses exceeding revenue. The organization holds $526 in liabilities against $1 in assets (debt-to-asset ratio: 52600.0%), resulting in net assets of $-525.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $135K | $135K | $1 | $526 | — | View 990 |
| 2018 | $251K | $248K | $106 | $39K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Academy Inc:
Data Sources and Methodology
This transparency report for Legacy Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.