Legacy Education And Community Empowerment Foundation Inc
EIN: 453684196 · Forest, MS · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $164K |
| Net Assets | $216K |
Is Legacy Education And Community Empowerment Foundation 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 Education And Community Empowerment Foundation Inc
Legacy Education And Community Empowerment Foundation Inc (EIN: 453684196) is a nonprofit organization based in Forest, MS, classified under NTEE code B90. The organization reported total revenue of $130K and total assets of $192K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Education And Community Empowerment Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Education And Community Empowerment Foundation Inc is a small nonprofit that has been operating for 14 years, with 7 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $164K |
| Surplus / Deficit | +$3K |
| Total Assets | $218K |
| Total Liabilities | $2K |
| Net Assets | $216K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 15.9 months |
Financial Health Grade: A
In 2023, Legacy Education And Community Empowerment Foundation Inc reported a surplus of $3K with revenue exceeding expenses, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 7 years of filings (2013–2023), Legacy Education And Community Empowerment Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | -1.7% | +2.0% |
| 2022 | +40.2% | +128.8% | +180.8% |
| 2020 | +9.8% | +2.5% | +86.8% |
| 2019 | +46.4% | +12.2% | +117.4% |
| 2017 | -16.3% | -36.1% | -53.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Legacy Education And Community Empowerment Foundation 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 Education And Community Empowerment Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Frequently Asked Questions about Legacy Education And Community Empowerment Foundation Inc
Is Legacy Education And Community Empowerment Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Legacy Education And Community Empowerment Foundation Inc (EIN: 453684196) insufficient data. 0 red flags identified, 0 strengths noted.
How does Legacy Education And Community Empowerment Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Legacy Education And Community Empowerment Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Legacy Education And Community Empowerment Foundation Inc tax-deductible?
Legacy Education And Community Empowerment Foundation Inc is registered as a tax-exempt nonprofit (EIN: 453684196). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Legacy Education And Community Empowerment Foundation Inc located?
Legacy Education And Community Empowerment Foundation Inc is headquartered in Forest, Mississippi and files with the IRS under EIN 453684196. It is classified under NTEE code B90.
How many years of IRS 990 filings does Legacy Education And Community Empowerment Foundation Inc have?
Legacy Education And Community Empowerment Foundation Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $130K in total revenue.
Filing History
IRS 990 filing history for Legacy Education And Community Empowerment Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2013–2023), Legacy Education And Community Empowerment Foundation Inc's revenue has grown by 66.5%, moving from $100K to $167K. Total assets increased by 270.7% over the same period, from $59K to $218K. Total functional expenses rose by 175.6%, from $60K to $164K. In its most recent filing year (2023), Legacy Education And Community Empowerment Foundation Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $2K in liabilities against $218K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $216K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $164K | $218K | $2K | — | View 990 |
| 2022 | $152K | $167K | $213K | $0 | — | View 990 |
| 2020 | $108K | $73K | $76K | $0 | — | View 990 |
| 2019 | $99K | $71K | $41K | $0 | — | View 990 |
| 2017 | $67K | $64K | $19K | $0 | — | View 990 |
| 2014 | $81K | $99K | $40K | $0 | — | View 990 |
| 2013 | $100K | $60K | $59K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $164K, and assets of $218K (revenue +9.9% year-over-year).
- 2022: Revenue of $152K, expenses of $167K, and assets of $213K (revenue +40.2% year-over-year).
- 2020: Revenue of $108K, expenses of $73K, and assets of $76K (revenue +9.8% year-over-year).
- 2019: Revenue of $99K, expenses of $71K, and assets of $41K (revenue +46.4% year-over-year).
- 2017: Revenue of $67K, expenses of $64K, and assets of $19K (revenue -16.3% year-over-year).
- 2014: Revenue of $81K, expenses of $99K, and assets of $40K (revenue -19.7% year-over-year).
- 2013: Revenue of $100K, expenses of $60K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Education And Community Empowerment Foundation Inc:
Data Sources and Methodology
This transparency report for Legacy Education And Community Empowerment Foundation 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.