Kingdom Way Truth and Life Ministry Inc

Analysis

Kingdom Way Truth and Life Ministry Inc is a registered charity in United States, based in Saint Cloud, FL. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Kingdom Way Truth and Life Ministry Inc reported income of $59k and spending of $69k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $59k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kingdom Way Truth and Life Ministry Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Clean Heart Christian Ministries ($59k), Special Needs Developement Group Inc ($59k) and Greeley-Wallace County Healthcare Foundation ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.