Key Ministries Inc

Analysis

Key Ministries Inc is a registered charity in United States, based in Lowell, MI. It received its IRS tax-exemption ruling in July 2001, 25 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 December 2023, Key Ministries Inc reported income of $67k and spending of $71k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $67k (-0.4%), an average of -0.4% a year. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Key Ministries Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within MI. Charities of a similar size with the same main cause include Sound of the Trumpet ($67k), John & Charles Wesley Center Inc ($67k) and Spiritist Center Love and Charityinc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $77k against liabilities of $1,668, net assets of $75k.