Kanakuk Ministries

Analysis

Kanakuk Ministries is a registered charity in United States, based in Branson, MO. It received its IRS tax-exemption ruling in July 2015, 11 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 August 2023, Kanakuk Ministries reported income of $37.8m and spending of $38.7m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $31.7m to $37.8m (+19%), an average of +4.5% a year. The sharpest change came in the year to August 2021, when income rose by 64%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kanakuk Ministries sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include Baptist Childrens Homes of North Carolina Inc ($37.7m), One for Israel ($38.2m) and World Help ($37.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $959k (2.5% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $53.8m against liabilities of $11.2m, net assets of $42.5m. It reported 2,146 employees.