Bible Education Legacy Fund Inc

Analysis

Bible Education Legacy Fund Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bible Education Legacy Fund Inc reported income of $128k and spending of $1.2m, spending 961% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $142k to $128k (-9.7%), an average of -2.5% a year. The sharpest change came in the year to June 2021, when income rose by 921%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bible Education Legacy Fund Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within AZ. Charities of a similar size with the same main cause include Tacoma Sunrise Rotary Club Foundation ($128k), Elmview Trust Fund ($128k) and Morrison County United Way Inc ($128k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 47% of the total. At year end it held assets of $11.7m against liabilities of $630, net assets of $11.7m.