Kingdom Vision Legacy Fund

Analysis

Kingdom Vision Legacy Fund is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kingdom Vision Legacy Fund reported income of $1.2m and spending of $13k, leaving 99% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $2.8m to $1.2m (-57%), an average of -34% a year. The sharpest change came in the year to June 2022, when income dropped by 37%. Over the whole period it spent 3.0% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kingdom Vision Legacy Fund sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within AZ. Charities of a similar size with the same main cause include McKinney Education Foundation ($1.2m), South Carolina Independent School Association Incorporated ($1.2m) and Black Health New Mexico ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $13.4m against liabilities of $5.0m, net assets of $8.4m.