Kingdom Equip Inc

Analysis

Kingdom Equip Inc is a registered charity in United States, based in Hillsboro, KS. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 January 2024, Kingdom Equip Inc reported income of $168k and spending of $215k, spending 128% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income fell from $221k to $168k (-24%), an average of -24% a year. The sharpest change came in the year to January 2024, when income dropped by 24%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kingdom Equip Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within KS. Charities of a similar size with the same main cause include Chaplain Fellowship Ministries International Inc ($168k), Hebraic Roots Network Inc ($168k) and Creative Outreach Ministries Enterprises Inc ($168k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $108k (50% of expenses). At year end it held assets of $92k against liabilities of $2,330, net assets of $90k.