Patricia King Ministries

Analysis

Patricia King Ministries is a registered charity in United States, based in Maricopa, AZ. It received its IRS tax-exemption ruling in July 1988, 38 years ago. 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, Patricia King Ministries reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+32%), an average of +7.1% a year. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Patricia King Ministries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include Ohio Junior Hockey Association Inc ($1.7m), Lakota Sports Organization ($1.7m) and Florida Policy Institute Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $274k (20% of expenses). Other salaries and wages came to $179k. At year end it held assets of $3.6m against liabilities of $6,566, net assets of $3.6m. It reported 10 employees.