Legacy Schools
EIN: 861009613 · Mesa, AZ · NTEE: B302
| Metric | Value |
|---|---|
| Total Expenses | $1.1M |
| Net Assets | $-412,513 |
Is Legacy Schools Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Legacy Schools
Legacy Schools (EIN: 861009613) is a nonprofit organization based in Mesa, AZ, classified under NTEE code B302. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Schools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Schools is a mid-size nonprofit that has been operating for 23 years, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -13.6%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$236K |
| Total Assets | $288K |
| Total Liabilities | $701K |
| Net Assets | $-412,513 |
| Operating Margin | 17.4% |
| Debt-to-Asset Ratio | 243.1% |
| Months of Reserves | 3.1 months |
Financial Health Grade: A
In 2016, Legacy Schools reported a surplus of $236K with revenue exceeding expenses, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 243.1% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Legacy Schools's revenue has declined at a compound annual growth rate (CAGR) of -13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -16.0% | -41.0% | +41.4% |
| 2015 | -16.4% | -7.7% | -69.6% |
| 2014 | -12.5% | -16.8% | -17.2% |
| 2013 | +4.5% | +9.2% | +15.3% |
| 2012 | -24.7% | -20.9% | +53.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Legacy Schools 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 Schools 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $236K, with revenue exceeding expenses.
- Debt-to-asset ratio: 243.1%.
Frequently Asked Questions about Legacy Schools
Is Legacy Schools a legitimate charity?
Legacy Schools (EIN: 861009613) is a registered tax-exempt nonprofit based in Arizona. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Legacy Schools spend its money?
Legacy Schools reported its financials in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Legacy Schools tax-deductible?
Legacy Schools is registered as a tax-exempt nonprofit (EIN: 861009613). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Legacy Schools located?
Legacy Schools is headquartered in Mesa, Arizona and files with the IRS under EIN 861009613. It is classified under NTEE code B302.
How many years of IRS 990 filings does Legacy Schools have?
Legacy Schools has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Legacy Schools showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Legacy Schools's revenue has declined by 51.7%, moving from $2.8M to $1.4M. Total assets decreased by 37% over the same period, from $457K to $288K. Total functional expenses fell by 60.9%, from $2.9M to $1.1M. In its most recent filing year (2016), Legacy Schools reported a surplus of $236K, with revenue exceeding expenses. The organization holds $701K in liabilities against $288K in assets (debt-to-asset ratio: 243.1%), resulting in net assets of $-412,513.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $1.4M | $1.1M | $288K | $701K | — | View 990 |
| 2015 | $1.6M | $1.9M | $204K | $852K | — | View 990 |
| 2014 | $1.9M | $2.1M | $671K | $1.0M | — | View 990 |
| 2013 | $2.2M | $2.5M | $811K | $1.2M | — | View 990 |
| 2012 | $2.1M | $2.3M | $703K | $646K | — | View 990 |
| 2011 | $2.8M | $2.9M | $457K | $424K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $1.4M, expenses of $1.1M, and assets of $288K (revenue -16.0% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.9M, and assets of $204K (revenue -16.4% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.1M, and assets of $671K (revenue -12.5% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.5M, and assets of $811K (revenue +4.5% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.3M, and assets of $703K (revenue -24.7% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.9M, and assets of $457K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Schools:
Data Sources and Methodology
This transparency report for Legacy Schools 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.