Kingdom Praise Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 222,461 | 159,634 | 62,827 | 12.7 | 39% |
| 2019 | 250,619 | 303,597 | −52,978 | 7.0 | 35% |
| 2020 | 248,067 | 164,132 | 83,935 | 12.8 | 37% |
| 2021 | 320,391 | 176,800 | 143,591 | 19.4 | 34% |
| 2022 | 297,138 | 230,944 | 66,194 | 15.5 | 26% |
| 2023 | 309,125 | 306,164 | 2,961 | 12.0 | 20% |
In its most recent public year (2023), this organization brought in $2,961 more than it spent. Its reserves stood at about 12 months of spending. Staff pay was 20% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Kingdom Praise Ministries Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works