King Sovereign Farms

Analysis

King Sovereign Farms is a registered charity in United States, based in Manvel, TX. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Sovereign Farms reported income of $56k and spending of $15k, leaving 74% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $87k to $56k (-35%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, King Sovereign Farms sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include First Win ($56k), Alaska Governors Prayer Breakfast ($56k) and Lake of Four Seasons Lions Club ($56k).

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 $9,455 against liabilities of $379, net assets of $9,076.