Christian Education Legacy Fund

Analysis

Christian Education Legacy Fund is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Christian Education Legacy Fund reported income of $2.1m and spending of $2.8m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.9m to $2.1m (-64%), an average of -22% a year. The sharpest change came in the year to June 2022, when income rose by 835%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christian Education Legacy Fund sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within AZ. Charities of a similar size with the same main cause include Adeline Montessori School Inc ($2.1m), Discovery School of Lancaster County ($2.1m) and Woodland Country Day School ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 29% of the total. At year end it held assets of $14.4m against liabilities of $1.9m, net assets of $12.5m.