Kendrick Ministries Inc

Analysis

Kendrick Ministries Inc is a registered charity in United States, based in Laurel, MS. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kendrick Ministries Inc reported income of $408k and spending of $349k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.0m to $408k (-60%), an average of -26% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kendrick Ministries Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MS. Charities of a similar size with the same main cause include Coach Sams Inner Circle Foundation ($408k), Rotary Club of Birmingham Foundation ($408k) and Women and Girls Fund of Waukesha County Inc ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $360k against liabilities of $19k, net assets of $340k. It reported 2 employees.