Bible Education Legacy Fund Inc
Bible Education Legacy Fund Inc. shows highly volatile revenue but maintains substantial assets with no reported officer compensation.
EIN: 208667680 · Scottsdale, AZ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $1.2M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $11,787,281 |
| Net Assets | $11.7M |
| Transparency Score | 70/100 |
Is Bible Education Legacy Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bible Education Legacy Fund Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bible Education Legacy Fund Inc
Bible Education Legacy Fund Inc (EIN: 208667680) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code T20. The organization reported total revenue of $2.8M and total assets of $11.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bible Education Legacy Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bible Education Legacy Fund Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-1,102,947 |
| Total Assets | $11.7M |
| Total Liabilities | $630 |
| Net Assets | $11.7M |
| Operating Margin | -861.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 114.0 months |
Financial Health Grade: B
In 2023, Bible Education Legacy Fund Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 114.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -91.2% | +237.5% | -7.7% |
| 2022 | -30.8% | +23.2% | +6.5% |
| 2021 | +921.1% | -35.8% | +20.6% |
| 2020 | +45.0% | -0.5% | -4.8% |
| 2019 | -97.9% | -57.6% | -9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bible Education Legacy Fund Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Bible Education Legacy Fund Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its asset size ($11,787,281).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bible Education Legacy Fund Inc's IRS 990 filings:
- 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.
Strengths
The following positive indicators were identified for Bible Education Legacy Fund Inc:
- Strong and consistently growing asset base, reaching $11,787,281, indicating financial resilience.
- 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.
Frequently Asked Questions about Bible Education Legacy Fund Inc
Is Bible Education Legacy Fund Inc a legitimate charity?
Bible Education Legacy Fund Inc (EIN: 208667680) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bible Education Legacy Fund Inc spend its money?
Bible Education Legacy Fund Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Bible Education Legacy Fund Inc tax-deductible?
Bible Education Legacy Fund Inc is registered as a tax-exempt nonprofit (EIN: 208667680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bible Education Legacy Fund Inc CEO make?
Bible Education Legacy Fund Inc's highest-compensated officer earns $11,787,281 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bible Education Legacy Fund Inc's spending goes to programs?
Bible Education Legacy Fund Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bible Education Legacy Fund Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Bible Education Legacy Fund Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bible Education Legacy Fund Inc located?
Bible Education Legacy Fund Inc is headquartered in Scottsdale, Arizona and files with the IRS under EIN 208667680. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bible Education Legacy Fund Inc have?
Bible Education Legacy Fund Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
Is Bible Education Legacy Fund Inc. a good charity?
The organization demonstrates strong asset accumulation and no reported officer compensation, which are positive signs. However, the extreme volatility in revenue and expenses, particularly the significant deficit in 2023 where expenses ($1,231,017) far exceeded revenue ($128,070), requires further scrutiny to fully assess its operational stability and impact.
Why is there such high variability in revenue and expenses year-to-year?
The provided data shows revenue swings from negative $136,720 to over $6.6 million, and expenses from under $150,000 to over $1.2 million. This could indicate reliance on large, infrequent donations, significant investment gains/losses, or highly variable program activities. A deeper dive into their financial statements would be needed to understand the underlying causes.
How does the organization manage its programs without paying officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles might be filled by volunteers, or compensation is structured in a way that isn't reported as 'officer compensation' on the 990, such as through a related management entity. This practice, while potentially reducing overhead, could also raise questions about sustainability and professional management capacity for an organization with over $11 million in assets.
What caused the significant increase in expenses in 2023?
In 2023, expenses jumped to $1,231,017 from $364,693 in 2022, while revenue dropped significantly. This substantial increase in spending, coupled with low revenue, led to a large operational deficit. Understanding the specific categories of these expenses (e.g., program services, administrative, fundraising) is crucial to evaluate if this spending aligns with the organization's mission or represents an unsustainable trend.
Filing History
IRS 990 filing history for Bible Education Legacy Fund Inc showing financial trends over 13 years of public records:
Total assets decreased by 10.2% over the same period, from $13.0M to $11.7M. Total functional expenses rose by 119.9%, from $560K to $1.2M. In its most recent filing year (2023), Bible Education Legacy Fund Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $630 in liabilities against $11.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $128K | $1.2M | $11.7M | $630 | — | — |
| 2022 | $1.5M | $365K | $12.7M | $87K | — | View 990 |
| 2021 | $2.1M | $296K | $11.9M | $56K | — | View 990 |
| 2020 | $206K | $461K | $9.9M | $22K | — | View 990 |
| 2019 | $142K | $463K | $10.4M | $214K | — | View 990 |
| 2018 | $6.7M | $1.1M | $11.4M | $946K | — | View 990 |
| 2017 | $1.3M | $381K | $7.4M | $834K | — | View 990 |
| 2016 | $-136,720 | $143K | $5.7M | $215K | — | View 990 |
| 2015 | $160K | $177K | $6.1M | $218K | — | View 990 |
| 2014 | $2.0M | $380K | $6.5M | $223K | — | View 990 |
| 2013 | $434K | $516K | $12.1M | $7.1M | — | View 990 |
| 2012 | $1.2M | $506K | $12.1M | $7.0M | — | View 990 |
| 2011 | $-168,128 | $560K | $13.0M | $8.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128K, expenses of $1.2M, and assets of $11.7M (revenue -91.2% year-over-year).
- 2022: Revenue of $1.5M, expenses of $365K, and assets of $12.7M (revenue -30.8% year-over-year).
- 2021: Revenue of $2.1M, expenses of $296K, and assets of $11.9M (revenue +921.1% year-over-year).
- 2020: Revenue of $206K, expenses of $461K, and assets of $9.9M (revenue +45.0% year-over-year).
- 2019: Revenue of $142K, expenses of $463K, and assets of $10.4M (revenue -97.9% year-over-year).
- 2018: Revenue of $6.7M, expenses of $1.1M, and assets of $11.4M (revenue +435.9% year-over-year).
- 2017: Revenue of $1.3M, expenses of $381K, and assets of $7.4M.
- 2016: Revenue of $-136,720, expenses of $143K, and assets of $5.7M (revenue -185.7% year-over-year).
- 2015: Revenue of $160K, expenses of $177K, and assets of $6.1M (revenue -92.1% year-over-year).
- 2014: Revenue of $2.0M, expenses of $380K, and assets of $6.5M (revenue +364.4% year-over-year).
- 2013: Revenue of $434K, expenses of $516K, and assets of $12.1M (revenue -63.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $506K, and assets of $12.1M.
- 2011: Revenue of $-168,128, expenses of $560K, and assets of $13.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bible Education Legacy Fund Inc:
Data Sources and Methodology
This transparency report for Bible Education Legacy Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.