Katy Christian Ministries

Analysis

Katy Christian Ministries is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in April 1987, 39 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 2023, Katy Christian Ministries reported income of $7.9m and spending of $8.4m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $7.9m (+77%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Katy Christian Ministries sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Anne Carlsen Center Foundation ($7.9m), Faithbridge Foster Care Inc ($7.9m) and Cathedral Soup Kitchen Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $99k (1.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.6m against liabilities of $2.1m, net assets of $2.6m. It reported 84 employees.