Legacy Preparatory Christian Academy

Legacy Preparatory Christian Academy shows consistent revenue growth and asset accumulation with no reported officer compensation.

EIN: 202693047 · The Woodlands, TX · NTEE: B20 · Updated: 2026-03-28

$27.6MRevenue

$34.7MAssets

85/100Mission Score (Excellent)

B20

About Legacy Preparatory Christian Academy

Legacy Preparatory Christian Academy (EIN: 202693047) is a nonprofit organization based in The Woodlands, TX, classified under NTEE code B20. The organization reported total revenue of $27.6M and total assets of $34.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Preparatory Christian Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Legacy Preparatory Christian Academy demonstrates a consistent pattern of financial growth and responsible management over the past decade. Revenue has steadily increased from $2,664,295 in 2014 to $7,614,733 in 2023, indicating strong support and operational expansion. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in all reported periods, contributing to a healthy growth in assets from $7,547,941 to $19,255,706 over the same timeframe. This financial stability suggests effective resource generation and expenditure control.

While specific program, administrative, and fundraising spending ratios are not explicitly detailed in the provided summary, the consistent operational surpluses and asset growth imply efficient use of funds. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, suggesting that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator for donor confidence. The organization's consistent filing of IRS Form 990s over 12 periods also points to a commitment to transparency.

Overall, Legacy Preparatory Christian Academy appears to be in sound financial health, with a clear trajectory of growth and a strong balance sheet. The consistent increase in assets and revenue, coupled with the absence of reported officer compensation, suggests a well-managed and program-focused entity. Further detailed analysis of functional expenses would provide a more granular understanding of spending efficiency across programs, administration, and fundraising.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Legacy Preparatory Christian Academy with a Mission Score of 85 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Legacy Preparatory Christian Academy allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all 12 filings, which is highly unusual for an organization of its size and revenue, suggesting either volunteer leadership or compensation structured in a way not reported as officer compensation on the 990.

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.

Red Flags

The following concerns were identified during AI analysis of Legacy Preparatory Christian Academy's IRS 990 filings:

Unusually low or 0% reported officer compensation, which may obscure actual leadership compensation structures.

Strengths

The following positive indicators were identified for Legacy Preparatory Christian Academy:

Consistent revenue growth, increasing from $2.6M in 2014 to $7.6M in 2023.
Healthy operational surpluses in every reported period, indicating strong financial management.
Significant asset growth, from $7.5M in 2014 to $19.2M in 2023, strengthening its financial position.
Consistent filing of IRS Form 990s over 12 periods, demonstrating transparency.

Frequently Asked Questions about Legacy Preparatory Christian Academy

How does Legacy Preparatory Christian Academy manage to report 0% officer compensation?

The consistent reporting of 0% officer compensation across all 12 filings is highly unusual for an organization with revenues exceeding $7 million. This could indicate that leadership is entirely volunteer-based, or that compensation for key management personnel is categorized differently (e.g., as general salaries and wages) and not specifically as 'officer compensation' on the 990.

What is the primary source of Legacy Preparatory Christian Academy's revenue growth?

While the specific breakdown of revenue sources (e.g., tuition, donations, grants) is not provided in this summary, the consistent and significant increase in total revenue from $2.6 million in 2014 to $7.6 million in 2023 suggests strong and growing support, likely from tuition fees given its nature as an academy, alongside potential fundraising efforts.

Is Legacy Preparatory Christian Academy financially stable?

Yes, Legacy Preparatory Christian Academy appears financially stable. It has consistently generated more revenue than expenses, leading to a healthy accumulation of assets from $7.5 million in 2014 to $19.2 million in 2023. This consistent surplus and asset growth are strong indicators of financial health.

Filing History

IRS 990 filing history for Legacy Preparatory Christian Academy showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Legacy Preparatory Christian Academy's revenue has grown by 326.8%, moving from $1.8M to $7.6M. Total assets increased by 562.8% over the same period, from $2.9M to $19.3M. Total functional expenses rose by 522%, from $1.1M to $6.7M. In its most recent filing year (2023), Legacy Preparatory Christian Academy reported a surplus of $914K, with revenue exceeding expenses. The organization holds $10.5M in liabilities against $19.3M in assets (debt-to-asset ratio: 54.3%), resulting in net assets of $8.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$7.6M	$6.7M	$19.3M	$10.5M	—	View 990
2022	$6.6M	$5.4M	$16.3M	$8.4M	—	View 990
2021	$6.7M	$4.6M	$11.4M	$4.6M	—	View 990
2020	$4.7M	$4.4M	$9.4M	$4.7M	—	View 990
2019	$4.4M	$4.4M	$9.2M	$4.9M	—	View 990
2018	$4.2M	$4.0M	$9.3M	$5.1M	—	View 990
2017	$3.6M	$3.6M	$9.4M	$5.3M	—	View 990
2016	$3.9M	$3.4M	$9.6M	$5.6M	—	View 990
2015	$4.4M	$3.1M	$9.2M	$5.6M	—	View 990
2014	$2.7M	$2.0M	$7.5M	$5.4M	—	View 990
2013	$2.2M	$1.4M	$3.8M	$2.4M	—	View 990
2012	$1.8M	$1.1M	$2.9M	$2.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $7.6M, expenses of $6.7M, and assets of $19.3M (revenue +15.9% year-over-year).
2022: Revenue of $6.6M, expenses of $5.4M, and assets of $16.3M (revenue -1.8% year-over-year).
2021: Revenue of $6.7M, expenses of $4.6M, and assets of $11.4M (revenue +42.2% year-over-year).
2020: Revenue of $4.7M, expenses of $4.4M, and assets of $9.4M (revenue +6.0% year-over-year).
2019: Revenue of $4.4M, expenses of $4.4M, and assets of $9.2M (revenue +5.3% year-over-year).
2018: Revenue of $4.2M, expenses of $4.0M, and assets of $9.3M (revenue +16.8% year-over-year).
2017: Revenue of $3.6M, expenses of $3.6M, and assets of $9.4M (revenue -6.7% year-over-year).
2016: Revenue of $3.9M, expenses of $3.4M, and assets of $9.6M (revenue -12.5% year-over-year).
2015: Revenue of $4.4M, expenses of $3.1M, and assets of $9.2M (revenue +66.0% year-over-year).
2014: Revenue of $2.7M, expenses of $2.0M, and assets of $7.5M (revenue +22.6% year-over-year).
2013: Revenue of $2.2M, expenses of $1.4M, and assets of $3.8M (revenue +21.8% year-over-year).
2012: Revenue of $1.8M, expenses of $1.1M, and assets of $2.9M.

Data Sources and Methodology

This transparency report for Legacy Preparatory Christian Academy 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.