Legacy Christian Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 988,881 | 996,579 | −7,698 | 1.1 | 62% |
| 2021 | 1,477,789 | 1,220,538 | 257,251 | 3.4 | 59% |
| 2022 | 1,468,168 | 1,474,430 | −6,262 | 2.8 | 64% |
| 2023 | 2,034,942 | 1,922,395 | 112,547 | 2.9 | 65% |
| 2024 | 2,435,064 | 2,513,278 | −78,214 | 1.8 | 63% |
In its most recent public year (2024), this organization spent $78,214 more than it brought in. Its reserves stood at about 1.8 months of spending. Staff pay was 63% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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