Kingdom Project 7 Billion

Analysis

Kingdom Project 7 Billion is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Kingdom Project 7 Billion reported income of $202k and spending of $235k, spending 116% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $232k to $202k (-13%), an average of -13% a year. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kingdom Project 7 Billion sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Dharma Rain Meditation Center ($202k), Family Life Center International Inc ($202k) and Wat Lao Boubpharam of San Diego ($202k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $47k (20% of expenses). Other salaries and wages came to $53k. At year end it held assets of $222k against liabilities of $2,984, net assets of $219k. It reported 4 employees.