Possessing the Keys of the Kingdom

Analysis

Possessing the Keys of the Kingdom is a registered charity in United States, based in Bellarthur, NC. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Possessing the Keys of the Kingdom reported income of $854k and spending of $989k, spending 116% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $757k to $854k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Possessing the Keys of the Kingdom sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Childrens Learning Center ($854k), High Desert Food & Farm Alliance ($854k) and Grayson County Womens Crisis Line Inc ($854k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Other salaries and wages came to $636k. At year end it held assets of $125k against liabilities of $0, net assets of $125k. It reported 43 employees.