Legacy Preparatory Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 842,388 | 921,974 | −79,586 | 0.9 | 0% |
| 2012 | 679,681 | 714,534 | −34,853 | 0.6 | 0% |
| 2013 | 666,150 | 670,525 | −4,375 | 0.5 | 0% |
| 2014 | 961,249 | 980,318 | −19,069 | 0.1 | 0% |
| 2015 | 778,771 | 877,970 | −99,199 | -1.2 | 0% |
| 2016 | 1,554,530 | 1,596,046 | −41,516 | -1.0 | 0% |
| 2017 | 1,789,631 | 1,755,698 | 33,933 | -0.7 | 0% |
| 2018 | 2,208,659 | 2,177,505 | 31,154 | -0.4 | 0% |
| 2019 | 2,423,960 | 2,399,486 | 24,474 | -0.2 | 0% |
| 2020 | 2,103,110 | 2,244,291 | −141,181 | -1.0 | 0% |
| 2021 | 2,837,877 | 2,547,875 | 290,002 | 0.5 | 0% |
| 2022 | 2,034,148 | 2,626,640 | −592,492 | -2.2 | 0% |
| 2023 | 2,240,825 | 2,080,737 | 160,088 | -1.9 | 0% |
In its most recent public year (2023), this organization brought in $160,088 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.9 months), down from 0.9 in 2011. Staff pay was 0% 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 2023. 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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