Kingdom Praise Ministries Inc

Analysis

Kingdom Praise Ministries Inc is a registered charity in United States, based in Hillside, NJ. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Kingdom Praise Ministries Inc reported income of $309k and spending of $306k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $222k to $309k (+39%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kingdom Praise Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Iglesia de Cristo Armonia Ministerio Llamada Final Inc ($309k), Mission Ukraine ($309k) and Pentecostal Church of God Im 33rpnv ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (20% of expenses). At year end it held assets of $710k against liabilities of $405k, net assets of $305k. It reported 1 employees.