Keep Believing Ministries

Analysis

Keep Believing Ministries is a registered charity in United States, based in Elmhurst, IL. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Keep Believing Ministries reported income of $357k and spending of $334k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $334k to $357k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Keep Believing Ministries sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Call of Hope ($357k), California Northwest Jurisdiction -Inc ($357k) and Family Ministries Center ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $185k (56% of expenses). At year end it held assets of $773k against liabilities of $1,441, net assets of $771k. It reported 1 employees.