Bible Education Legacy Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 205,545 | 460,845 | −255,300 | 256.2 | 0% |
| 2021 | 2,098,718 | 295,957 | 1,802,761 | 480.1 | 0% |
| 2022 | 1,452,108 | 364,693 | 1,087,415 | 414.0 | 0% |
| 2023 | 128,070 | 1,231,017 | −1,102,947 | 114.0 | 0% |
In its most recent public year (2023), this organization spent $1,102,947 more than it brought in. Its reserves stood at about 114 months of spending, down from 256.2 in 2020. Staff pay was 0% of spending. $1,575,053 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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