King of Glory Ministries Int

Analysis

King of Glory Ministries Int is a registered charity in United States, based in Coeur D Alene, ID. It received its IRS tax-exemption ruling in September 1967, 59 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, King of Glory Ministries Int reported income of $52k and spending of $58k, spending 110% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $277k to $52k (-81%), an average of -57% a year. The sharpest change came in the year to December 2022, when income dropped by 70%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, King of Glory Ministries Int sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within ID. Charities of a similar size with the same main cause include Wyoming Public Transit Association ($52k), The Arc of Augusta Incorporated ($52k) and Unified Arizona Veterans Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.