Founders Education Legacy Inc

Analysis

Founders Education Legacy Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Founders Education Legacy Inc reported income of $397k and spending of $392k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $199k to $397k (+100%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Founders Education Legacy Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within NV. Charities of a similar size with the same main cause include Associated Builders & CNTRCTRS Inc Cumberland Valley CHPTR MNPWR Edct ($397k), Circle of Sisterhood Foundation Inc ($397k) and Venice Touchdown Club Inc ($397k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $337k. At year end it held assets of $69k against liabilities of $51k, net assets of $18k. It reported 9 employees.