Legacy Traditional Schools
EIN: 460641842 · Chandler, AZ · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $639K |
| Total Expenses | $841K |
| Net Assets | $-245,464 |
Is Legacy Traditional 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 Traditional Schools
Legacy Traditional Schools (EIN: 460641842) is a nonprofit organization based in Chandler, AZ, classified under NTEE code B29. The organization reported total revenue of $639K and total assets of $898K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Traditional Schools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Traditional Schools is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $647K |
| Total Expenses | $841K |
| Surplus / Deficit | $-193,736 |
| Total Assets | $1.9M |
| Total Liabilities | $2.1M |
| Net Assets | $-245,464 |
| Operating Margin | -29.9% |
| Debt-to-Asset Ratio | 113.1% |
| Months of Reserves | 26.7 months |
Financial Health Grade: C
In 2023, Legacy Traditional Schools reported a deficit of $194K with expenses exceeding revenue, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 113.1% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.5% | +57.3% | +583.3% |
| 2022 | +5.2% | +20.2% | +586.2% |
| 2021 | -26.8% | -26.0% | -57.8% |
| 2020 | -2.0% | -2.2% | +5.3% |
| 2019 | +15.2% | +17.8% | -52.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Legacy Traditional 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 Traditional 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $194K, with expenses exceeding revenue.
- Debt-to-asset ratio: 113.1%.
Frequently Asked Questions about Legacy Traditional Schools
Is Legacy Traditional Schools a legitimate charity?
Legacy Traditional Schools (EIN: 460641842) is a registered tax-exempt nonprofit based in Arizona. It has 11 years of IRS 990 filings on record. Total revenue: $639K. No red flags identified. Financial health grade: C.
How does Legacy Traditional Schools spend its money?
Legacy Traditional Schools reported $639K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Legacy Traditional Schools tax-deductible?
Legacy Traditional Schools is registered as a tax-exempt nonprofit (EIN: 460641842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Legacy Traditional Schools located?
Legacy Traditional Schools is headquartered in Chandler, Arizona and files with the IRS under EIN 460641842. It is classified under NTEE code B29.
How many years of IRS 990 filings does Legacy Traditional Schools have?
Legacy Traditional Schools has 11 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 $639K in total revenue.
Filing History
IRS 990 filing history for Legacy Traditional Schools showing financial trends over 11 years of public records:
Total assets increased by 187204900% over the same period, from $1 to $1.9M. In its most recent filing year (2023), Legacy Traditional Schools reported a deficit of $194K, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $1.9M in assets (debt-to-asset ratio: 113.1%), resulting in net assets of $-245,464.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $647K | $841K | $1.9M | $2.1M | — | View 990 |
| 2022 | $460K | $534K | $274K | $326K | — | View 990 |
| 2021 | $438K | $444K | $40K | $18K | — | — |
| 2020 | $598K | $600K | $95K | $66K | — | — |
| 2019 | $610K | $614K | $90K | $59K | — | View 990 |
| 2018 | $530K | $521K | $190K | $156K | — | View 990 |
| 2017 | $409K | $439K | $30K | $5K | — | View 990 |
| 2016 | $11K | $20K | $62K | $6K | — | View 990 |
| 2015 | $1.8M | $1.8M | $128K | $63K | — | View 990 |
| 2014 | $1.3M | $1.3M | $164K | $85K | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $647K, expenses of $841K, and assets of $1.9M (revenue +40.5% year-over-year).
- 2022: Revenue of $460K, expenses of $534K, and assets of $274K (revenue +5.2% year-over-year).
- 2021: Revenue of $438K, expenses of $444K, and assets of $40K (revenue -26.8% year-over-year).
- 2020: Revenue of $598K, expenses of $600K, and assets of $95K (revenue -2.0% year-over-year).
- 2019: Revenue of $610K, expenses of $614K, and assets of $90K (revenue +15.2% year-over-year).
- 2018: Revenue of $530K, expenses of $521K, and assets of $190K (revenue +29.7% year-over-year).
- 2017: Revenue of $409K, expenses of $439K, and assets of $30K (revenue +3791.5% year-over-year).
- 2016: Revenue of $11K, expenses of $20K, and assets of $62K (revenue -99.4% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $128K (revenue +31.4% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $164K.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Traditional Schools:
Data Sources and Methodology
This transparency report for Legacy Traditional 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.