Kings and Priests Ministry

Analysis

Kings and Priests Ministry is a registered charity in United States, based in New Castle, CO. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kings and Priests Ministry reported income of $798k and spending of $619k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $348k to $798k (+129%), an average of +129% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kings and Priests Ministry sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Beth Abraham-Cnr Foundation ($798k), Buffalo-Erie Marathon Association Inc ($799k) and Wealthnet Charitable Gift Fund ($797k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $95k (15% of expenses). Other salaries and wages came to $143k. At year end it held assets of $225k against liabilities of $48k, net assets of $177k. It reported 12 employees.