King Outreach Ministry Inc

Analysis

King Outreach Ministry Inc is a registered charity in United States, based in King, NC. It received its IRS tax-exemption ruling in December 1984, 42 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, King Outreach Ministry Inc reported income of $407k and spending of $313k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $337k to $407k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, King Outreach Ministry Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Yazoiry Inc ($407k), Staying Put in New Canaan Inc ($407k) and Pettis County Community Partnership Inc ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $73k (23% of expenses). Other salaries and wages came to $35k. At year end it held assets of $1000k against liabilities of $10k, net assets of $990k. It reported 8 employees.