Quarry Kingdom Development

Analysis

Quarry Kingdom Development is a registered charity in United States, based in Bulverde, TX. It received its IRS tax-exemption ruling in May 2015, 11 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, Quarry Kingdom Development reported income of $727k and spending of $606k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $517k to $727k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Quarry Kingdom Development sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Uri Ltzedek ($727k), Americans of Faith ($727k) and Logos Missionary Services ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $176k. At year end it held assets of $477k against liabilities of $3,709, net assets of $474k. It reported 4 employees.