Kingdom Bound Ministries Inc

Analysis

Kingdom Bound Ministries Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Kingdom Bound Ministries Inc reported income of $2.1m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.1m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to September 2021, when income rose by 226%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kingdom Bound Ministries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Catholic Foundation of the Diocese of St Augustine Inc ($2.1m), Association of Classical & Christian Schools Inc ($2.1m) and American Friends of Biala Yeshiva Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $849k against liabilities of $139k, net assets of $709k. It reported 7 employees.