Legacy Of Grace School Tuition Organization Inc
Legacy Of Grace School Tuition Organization consistently operates with no reported liabilities and zero officer compensation.
EIN: 205287030 · Oskaloosa, IA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $483K |
| Total Expenses | $515K |
| Program Spending | 90% |
| Net Assets | $522K |
| Transparency Score | 92/100 |
Is Legacy Of Grace School Tuition Organization Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Legacy Of Grace School Tuition Organization Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Legacy Of Grace School Tuition Organization Inc
Legacy Of Grace School Tuition Organization Inc (EIN: 205287030) is a nonprofit organization based in Oskaloosa, IA, classified under NTEE code B82. The organization reported total revenue of $483K and total assets of $557K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Of Grace School Tuition Organization Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Of Grace School Tuition Organization Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $464K |
| Total Expenses | $515K |
| Surplus / Deficit | $-50,916 |
| Total Assets | $522K |
| Net Assets | $522K |
| Operating Margin | -11.0% |
| Months of Reserves | 12.1 months |
Financial Health Grade: B
In 2024, Legacy Of Grace School Tuition Organization Inc reported a deficit of $51K with expenses exceeding revenue, holds 12.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Legacy Of Grace School Tuition Organization Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -15.7% | +6.7% | -8.9% |
| 2023 | +31.0% | +3.7% | +13.5% |
| 2022 | -16.8% | +29.4% | -8.2% |
| 2021 | +70.9% | -12.8% | +36.0% |
| 2020 | -28.6% | -28.5% | -22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Legacy Of Grace School Tuition Organization Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Legacy Of Grace School Tuition Organization Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Legacy Of Grace School Tuition Organization Inc:
- Consistent reporting of $0 liabilities across all filings, indicating strong financial health.
- Zero reported officer compensation, suggesting high efficiency and potentially volunteer leadership.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating strong transparency.
- Healthy asset base, with latest assets at $556,813, providing financial resilience.
- Strong program focus, as implied by its mission and efficient spending.
Frequently Asked Questions about Legacy Of Grace School Tuition Organization Inc
Is Legacy Of Grace School Tuition Organization Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Legacy Of Grace School Tuition Organization Inc (EIN: 205287030) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Legacy Of Grace School Tuition Organization Inc spend its money?
Legacy Of Grace School Tuition Organization Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Legacy Of Grace School Tuition Organization Inc tax-deductible?
Legacy Of Grace School Tuition Organization Inc is registered as a tax-exempt nonprofit (EIN: 205287030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Legacy Of Grace School Tuition Organization Inc's spending goes to programs?
Legacy Of Grace School Tuition Organization Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Legacy Of Grace School Tuition Organization Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Legacy Of Grace School Tuition Organization Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Legacy Of Grace School Tuition Organization Inc located?
Legacy Of Grace School Tuition Organization Inc is headquartered in Oskaloosa, Iowa and files with the IRS under EIN 205287030. It is classified under NTEE code B82.
How many years of IRS 990 filings does Legacy Of Grace School Tuition Organization Inc have?
Legacy Of Grace School Tuition Organization Inc has 13 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 $483K in total revenue.
Is Legacy Of Grace School Tuition Organization Inc financially stable?
Yes, the organization appears financially stable. It consistently reports zero liabilities and maintains healthy asset levels, such as $556,813 in the latest period, despite some fluctuations in annual revenue and expenses.
How does the organization manage its administrative costs?
The organization demonstrates excellent control over administrative costs, particularly by reporting 0% officer compensation across all 13 filings, suggesting a very lean operational structure.
What is the trend in the organization's revenue?
Revenue has fluctuated over the years, ranging from a low of $295,901 in 202006 to a high of $612,602 in 201806. The latest reported revenue is $482,984, indicating a generally stable but variable funding stream.
Does the organization have any debt?
No, the organization consistently reports $0 in liabilities across all available IRS 990 filings, indicating it operates without debt.
Filing History
IRS 990 filing history for Legacy Of Grace School Tuition Organization Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Legacy Of Grace School Tuition Organization Inc's revenue has grown by 33.6%, moving from $348K to $464K. Total assets increased by 39.1% over the same period, from $375K to $522K. Total functional expenses rose by 55.3%, from $332K to $515K. In its most recent filing year (2024), Legacy Of Grace School Tuition Organization Inc reported a deficit of $51K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $464K | $515K | $522K | $0 | — | — |
| 2023 | $551K | $483K | $572K | $0 | — | View 990 |
| 2022 | $421K | $466K | $504K | $0 | — | View 990 |
| 2021 | $506K | $360K | $549K | $0 | — | View 990 |
| 2020 | $296K | $413K | $404K | $0 | — | View 990 |
| 2019 | $414K | $577K | $521K | $0 | — | View 990 |
| 2018 | $613K | $577K | $684K | $0 | — | View 990 |
| 2017 | $600K | $549K | $648K | $0 | — | View 990 |
| 2016 | $581K | $572K | $597K | $0 | — | View 990 |
| 2015 | $564K | $391K | $589K | $0 | — | View 990 |
| 2014 | $405K | $390K | $416K | $0 | — | View 990 |
| 2013 | $370K | $345K | $401K | $0 | — | View 990 |
| 2012 | $348K | $332K | $375K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $464K, expenses of $515K, and assets of $522K (revenue -15.7% year-over-year).
- 2023: Revenue of $551K, expenses of $483K, and assets of $572K (revenue +31.0% year-over-year).
- 2022: Revenue of $421K, expenses of $466K, and assets of $504K (revenue -16.8% year-over-year).
- 2021: Revenue of $506K, expenses of $360K, and assets of $549K (revenue +70.9% year-over-year).
- 2020: Revenue of $296K, expenses of $413K, and assets of $404K (revenue -28.6% year-over-year).
- 2019: Revenue of $414K, expenses of $577K, and assets of $521K (revenue -32.4% year-over-year).
- 2018: Revenue of $613K, expenses of $577K, and assets of $684K (revenue +2.1% year-over-year).
- 2017: Revenue of $600K, expenses of $549K, and assets of $648K (revenue +3.3% year-over-year).
- 2016: Revenue of $581K, expenses of $572K, and assets of $597K (revenue +3.0% year-over-year).
- 2015: Revenue of $564K, expenses of $391K, and assets of $589K (revenue +39.1% year-over-year).
- 2014: Revenue of $405K, expenses of $390K, and assets of $416K (revenue +9.4% year-over-year).
- 2013: Revenue of $370K, expenses of $345K, and assets of $401K (revenue +6.6% year-over-year).
- 2012: Revenue of $348K, expenses of $332K, and assets of $375K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Of Grace School Tuition Organization Inc:
Data Sources and Methodology
This transparency report for Legacy Of Grace School Tuition Organization 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.