Legacy Endowment Fund for Preaching Scholarships Inc

Analysis

Legacy Endowment Fund for Preaching Scholarships Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in December 2019, 7 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 December 2023, Legacy Endowment Fund for Preaching Scholarships Inc reported income of $105k and spending of $35k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $105k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 201%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Legacy Endowment Fund for Preaching Scholarships Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OK. Charities of a similar size with the same main cause include Carlstadt Firefighters Foundation Inc ($105k), Twinsburg Band Boosters ($105k) and Mount Pleasant Area Band Boosters Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $414k against liabilities of $0, net assets of $414k.