Quick charity verification for Bible Education Legacy Fund Inc (EIN: 208667680)
Verdict: Bible Education Legacy Fund Inc appears trustworthy
70/100Mission Score
$2.8MRevenue
$11.8MAssets
3Red Flags
3Strengths
Red Flags
Highly volatile revenue and expense patterns, making financial planning and stability difficult to assess.
Significant operational deficit in 2023, with expenses ($1,231,017) far exceeding revenue ($128,070).
Consistent 0% officer compensation for an organization with over $11 million in assets, which is unusual and may warrant further inquiry into management structure.
No reported officer compensation, suggesting a commitment to minimizing executive overhead.
Maintained substantial assets despite periods of negative revenue or high expenses, demonstrating effective asset management.
Spending Breakdown
How Bible Education Legacy Fund Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bible Education Legacy Fund Inc
Is Bible Education Legacy Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bible Education Legacy Fund Inc (EIN: 208667680) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Bible Education Legacy Fund Inc a good charity to donate to?
Bible Education Legacy Fund Inc has a Mission Score of 70/100. Revenue: $2.8M. Assets: $11.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bible Education Legacy Fund Inc?
The Employer Identification Number (EIN) for Bible Education Legacy Fund Inc is 208667680. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bible Education Legacy Fund Inc spend its money?
Bible Education Legacy Fund Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bible Education Legacy Fund Inc's tax-exempt status?
You can verify Bible Education Legacy Fund Inc's tax-exempt status using EIN 208667680 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Bible Education Legacy Fund Inc. exhibits a highly variable financial performance over the past decade, with significant fluctuations in revenue and expenses. For instance, revenue ranged from a negative $136,720 in 2016 to a high of $6,699,108 in 2018, and expenses varied from $143,376 in 2016 to $1,231,017 in 2023. Despite these fluctuations, the organization consistently maintains substantial assets, reaching $11,787,281 in the latest period, indicating a strong financial foundation. The organization's spending efficiency is difficult to assess precisely without a detailed breakdown of program, administrative, and fundraising expenses in the provided data. However, the absence of reported officer compensation across all filings suggests a commitment to minimizing overhead in this area, which is a positive indicator for transparency and donor trust. The significant increase in expenses in 2023 ($1,231,017) compared to revenue ($128,070) warrants further investigation to understand the nature of these expenditures and their alignment with the organization's mission.