Legacy Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,267,700 | 2,500,080 | −232,380 | 4.1 | 47% |
| 2012 | 3,020,694 | 3,431,508 | −410,814 | 1.6 | 39% |
| 2013 | 3,044,820 | 2,814,537 | 230,283 | 2.9 | 50% |
| 2014 | 2,881,517 | 2,885,892 | −4,375 | 2.2 | 52% |
| 2015 | 2,947,124 | 3,204,053 | −256,929 | -14.8 | 47% |
| 2016 | 3,152,384 | 3,365,495 | −213,111 | -14.9 | 46% |
| 2017 | 3,563,744 | 4,701,316 | −1,137,572 | -13.6 | 35% |
| 2018 | 3,652,329 | 5,251,681 | −1,599,352 | -16.4 | 33% |
| 2019 | 4,201,075 | 3,734,557 | 466,518 | -21.5 | 49% |
| 2020 | 5,128,026 | 4,134,404 | 993,622 | -16.6 | 49% |
| 2021 | 5,616,648 | 4,135,981 | 1,480,667 | -12.3 | 47% |
| 2022 | 6,521,082 | 4,817,975 | 1,703,107 | -6.3 | 48% |
| 2023 | 5,652,405 | 5,533,306 | 119,099 | -5.2 | 45% |
In its most recent public year (2023), this organization brought in $119,099 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-5.2 months), down from 4.1 in 2011. Staff pay was 45% 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
Legacy Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works