Legacy For The Kingdom
Legacy For The Kingdom maintains substantial assets despite fluctuating revenues and reports no officer compensation.
EIN: 205074017 · Phoenix, AZ · NTEE: X112 · Updated: 2026-03-28
Is Legacy For The Kingdom Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Legacy For The Kingdom directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Legacy For The Kingdom
Legacy For The Kingdom (EIN: 205074017) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code X112. The organization reported total revenue of $3.8M and total assets of $40.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy For The Kingdom's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy For The Kingdom is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$48K |
| Total Assets | $42.8M |
| Total Liabilities | $19.4M |
| Net Assets | $23.4M |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 45.4% |
| Months of Reserves | 132.6 months |
Financial Health Grade: A
In 2023, Legacy For The Kingdom reported a surplus of $48K with revenue exceeding expenses, holds 132.6 months of operating reserves (strong position), has a debt-to-asset ratio of 45.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Legacy For The Kingdom's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.8% | +12.1% | -0.6% |
| 2022 | -10.5% | +21.8% | -3.5% |
| 2021 | +40.6% | -2.9% | -2.4% |
| 2020 | +77.5% | +3.1% | -1.8% |
| 2019 | -85.7% | +24.3% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2009 |
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 Legacy For The Kingdom with a Mission Score of 75 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: 80%
- fundraising: 5%
According to IRS 990 filings, Legacy For The Kingdom allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.4%.
Executive Compensation Analysis
Legacy For The Kingdom consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This is highly unusual for an organization with assets exceeding $40 million and annual revenues in the millions, suggesting either a fully volunteer-led executive team or compensation being reported under other expense categories, which would warrant further investigation.
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 Legacy For The Kingdom's IRS 990 filings:
- Significant and unexplained revenue volatility (e.g., $9M in 201806 to $1.2M in 201906)
- Consistent reporting of 0% officer compensation for an organization of this size, which may obscure executive benefits or indicate an unsustainable reliance on volunteer leadership.
- Gradual decline in total assets over the past five years, from $48.1M in 201806 to $42.7M in 202306.
Strengths
The following positive indicators were identified for Legacy For The Kingdom:
- Consistent filing of IRS Form 990s, indicating transparency and compliance.
- Substantial asset base ($42,784,382 in 202306) providing financial stability.
- Positive net income in the most recent filing (202306), with revenues exceeding expenses by $48,422.
- Low liabilities relative to assets, with liabilities at $19,426,087 against assets of $42,784,382 in 202306.
Frequently Asked Questions about Legacy For The Kingdom
Is Legacy For The Kingdom a legitimate charity?
Based on AI analysis of IRS 990 filings, Legacy For The Kingdom (EIN: 205074017) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Legacy For The Kingdom spend its money?
Legacy For The Kingdom directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Legacy For The Kingdom tax-deductible?
Legacy For The Kingdom is registered as a tax-exempt nonprofit (EIN: 205074017). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Legacy For The Kingdom manage to operate with 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with multi-million dollar revenues and assets. This could imply that executive functions are performed by volunteers, or that compensation is categorized differently within the expense structure, which would require a deeper dive into the full 990 forms to understand.
What caused the significant revenue fluctuations, such as the drop from $9,003,974 in 201806 to $1,291,962 in 201906?
The provided data does not specify the reasons for these dramatic revenue shifts. Such volatility could be due to large one-time donations, changes in funding streams, or specific project cycles. Understanding the source of these fluctuations is crucial for assessing the sustainability of the organization's funding model.
What are the primary program activities of Legacy For The Kingdom, given its NTEE code X112?
The NTEE code X112 typically refers to 'Religious Organizations, Nec.' (Not Elsewhere Classified). Without further details from the full 990, it's difficult to pinpoint specific program activities beyond a broad religious mission. A detailed program service accomplishment section from the 990 would clarify this.
How does the organization plan to address the gradual decline in assets observed since 201806?
Assets have decreased from $48,169,005 in 201806 to $42,784,382 in 202306. While still substantial, this trend warrants examination. The organization's strategy for asset management and growth, especially in light of fluctuating revenues, would be an important area of inquiry.
Filing History
IRS 990 filing history for Legacy For The Kingdom showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Legacy For The Kingdom's revenue has grown by 19.9%, moving from $3.3M to $3.9M. Total assets increased by 39% over the same period, from $30.8M to $42.8M. Total functional expenses rose by 18.9%, from $3.3M to $3.9M. In its most recent filing year (2023), Legacy For The Kingdom reported a surplus of $48K, with revenue exceeding expenses. The organization holds $19.4M in liabilities against $42.8M in assets (debt-to-asset ratio: 45.4%), resulting in net assets of $23.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $3.9M | $42.8M | $19.4M | — | — |
| 2022 | $2.9M | $3.5M | $43.0M | $19.7M | — | View 990 |
| 2021 | $3.2M | $2.8M | $44.6M | $20.7M | — | — |
| 2020 | $2.3M | $2.9M | $45.7M | $22.2M | — | View 990 |
| 2019 | $1.3M | $2.8M | $46.6M | $22.5M | — | View 990 |
| 2018 | $9.0M | $2.3M | $48.2M | $22.5M | — | View 990 |
| 2017 | $9.1M | $2.8M | $34.0M | $15.1M | — | View 990 |
| 2016 | $2.3M | $3.7M | $28.5M | $15.9M | — | View 990 |
| 2015 | $2.4M | $2.5M | $26.4M | $12.3M | — | View 990 |
| 2014 | $2.1M | $2.0M | $26.7M | $12.6M | — | View 990 |
| 2013 | $1.2M | $1.4M | $27.4M | $13.4M | — | View 990 |
| 2012 | $1.4M | $2.6M | $29.2M | $14.9M | — | View 990 |
| 2011 | $3.3M | $3.3M | $30.8M | $15.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $3.9M, and assets of $42.8M (revenue +35.8% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.5M, and assets of $43.0M (revenue -10.5% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.8M, and assets of $44.6M (revenue +40.6% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.9M, and assets of $45.7M (revenue +77.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $2.8M, and assets of $46.6M (revenue -85.7% year-over-year).
- 2018: Revenue of $9.0M, expenses of $2.3M, and assets of $48.2M (revenue -1.3% year-over-year).
- 2017: Revenue of $9.1M, expenses of $2.8M, and assets of $34.0M (revenue +304.4% year-over-year).
- 2016: Revenue of $2.3M, expenses of $3.7M, and assets of $28.5M (revenue -7.8% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.5M, and assets of $26.4M (revenue +18.7% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.0M, and assets of $26.7M (revenue +71.5% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.4M, and assets of $27.4M (revenue -16.1% year-over-year).
- 2012: Revenue of $1.4M, expenses of $2.6M, and assets of $29.2M (revenue -56.2% year-over-year).
- 2011: Revenue of $3.3M, expenses of $3.3M, and assets of $30.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy For The Kingdom:
Data Sources and Methodology
This transparency report for Legacy For The Kingdom 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.