Legacy 2 Inspire
Only null% goes to programs Strong reserves Growing revenue
Legacy 2 Inspire is a 501(c)(3) organization based in Saint Michael, Minnesota, registered in 2021, with $268,766 in FY2024 revenue. CharityIndex grades it B.
408 Elder Ct Nw, Saint Michael, MN, 55376 EIN 86-2844317 Since 2021
Revenue (FY2024)
$269K
▲ 87.7% vs prior year
Education median: $200K
Expenses (FY2024)
$201K
Net assets
$170K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Legacy 2 Inspire— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +25% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Legacy 2 Inspire: 10 mo reserves · +25% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Legacy 2 Inspire— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Legacy 2 Inspire: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 408 Elder Ct Nw, Saint Michael, MN, 55376
- City
- Saint Michael
- State
- Minnesota
- Category
- Education
- Subcategory
- Educational Services
- Website
- …
Financial trends
Revenue grew from $143K (FY2023) to $269K (FY2024) across 2 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3,976Net assets $170K
Operating margin
25.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$174K
Total liabilities
$3,976
Net assets
$170K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $268,766▲87.7% | $201,411▲181% | $169,803▲65.7% | $173,779▲69.6% | 990 |
| 2023 | $143,227 | $71,771 | $102,448 | $102,448 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $39K total
3 grants to Legacy 2 Inspire totaling $39K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Minneapolis Foundation | Donor advised, general | 2024 | $15,000 |
| Minneapolis Foundation | Donor-advised, general | 2023 | $13,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $10,000 |
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Frequently asked questions
- Is Legacy 2 Inspire a legitimate nonprofit?
- Yes. Legacy 2 Inspire is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 86-2844317, based in Saint Michael, Minnesota. Donations are tax-deductible.
- What is Legacy 2 Inspire's EIN?
- Legacy 2 Inspire's Employer Identification Number (EIN) is 86-2844317.
- How much revenue does Legacy 2 Inspire report?
- Legacy 2 Inspire reported $268,766 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Legacy 2 Inspire have?
- CharityIndex grades Legacy 2 Inspire B, based on financial health (reserves and operating margin).
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Data for Legacy 2 Inspire (EIN 86-2844317) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.