Christ Palace International Ministries

Analysis

Christ Palace International Ministries is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Christ Palace International Ministries reported income of $1.8m and spending of $862k, leaving 51% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $329k to $1.8m (+437%), an average of +75% a year. The sharpest change came in the year to June 2023, when income rose by 154%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Christ Palace International Ministries sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Common Heart Inc ($1.8m), Salem Childrens Home ($1.8m) and New Directions for People with Disabilities Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (7.0% of expenses). At year end it held assets of $3.2m against liabilities of $69k, net assets of $3.1m. It reported 1 employees.