Kenneth Phillips Ministries Inc

Analysis

Kenneth Phillips Ministries Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Kenneth Phillips Ministries Inc reported income of $58k and spending of $190k, spending 325% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $58k (-94%), an average of -51% a year. The sharpest change came in the year to December 2022, when income rose by 497%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kenneth Phillips Ministries Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Bank High School Alumni Foundation Inc ($58k), National Academy of Needlearts Inc ($58k) and Legatus ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $48k (25% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.

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.