Ken Petty Ministries

Analysis

Ken Petty Ministries is a registered charity in United States, based in Benton, IL. It received its IRS tax-exemption ruling in May 1996, 30 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, Ken Petty Ministries reported income of $124k and spending of $144k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $136k to $124k (-8.7%), an average of -2.3% a year. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ken Petty Ministries sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Blessed Hope Christian Church ($124k), Association of Christian Ministries to Internationals ($124k) and Our Life Mission Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $28k (19% of expenses). At year end it held assets of $1.8m against liabilities of $890k, net assets of $883k. It reported 3 employees.

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.