Key to Life Global Ministries Inc

Analysis

Key to Life Global Ministries Inc is a registered charity in United States, based in Waldorf, MD. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Key to Life Global Ministries Inc reported income of $90k and spending of $76k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $90k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Key to Life Global Ministries Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Madison County Sheriffs Dept Chaplaincy Program Inc ($90k), Lutheran Agency for Missions to Burmese Inc ($90k) and Christian Vision Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.