Kerygma Ventures

Analysis

Kerygma Ventures is a registered charity in United States, based in Colleyville, TX. It received its IRS tax-exemption ruling in December 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kerygma Ventures reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kerygma Ventures 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 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Utica Public Library ($1.5m), Gust K Newberg Chritable Trust ($1.5m) and Health Occupations Students of America ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $292k (18% of expenses). Other salaries and wages came to $219k. At year end it held assets of $3.7m against liabilities of $62k, net assets of $3.7m. It reported 7 employees.