Is Kingdom Bound Ministries Inc Legit? —…

Quick charity verification for Kingdom Bound Ministries Inc (EIN: 161331766)

Strengths

Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
Strong financial recovery from pandemic-related revenue declines, returning to over $2 million in revenue by 2023.
Healthy asset growth, reaching $848,719 in 2023, demonstrating financial stability.
Consistent filing of IRS 990s over 13 periods, indicating strong transparency and compliance.
Expenses closely align with revenue, suggesting efficient management and a focus on sustainable operations (e.g., $2,009,830 expenses vs. $2,074,137 revenue in 2023).

Spending Breakdown

How Kingdom Bound Ministries Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Kingdom Bound Ministries Inc

Is Kingdom Bound Ministries Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Kingdom Bound Ministries Inc (EIN: 161331766) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Kingdom Bound Ministries Inc a good charity to donate to?

Kingdom Bound Ministries Inc has a Mission Score of 90/100. Revenue: $2.2M. Assets: $955K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Kingdom Bound Ministries Inc?

The Employer Identification Number (EIN) for Kingdom Bound Ministries Inc is 161331766. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Kingdom Bound Ministries Inc spend its money?

Kingdom Bound Ministries Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Kingdom Bound Ministries Inc's tax-exempt status?

You can verify Kingdom Bound Ministries Inc's tax-exempt status using EIN 161331766 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Kingdom Bound Ministries Inc. demonstrates a generally stable financial position with consistent revenue streams, primarily fluctuating around the $2 million mark in recent years, excluding the pandemic-impacted periods of 2020 and 2021. The organization's assets have shown growth, reaching $848,719 in 2023, indicating a healthy accumulation of resources. Their spending efficiency appears strong, with expenses closely aligned with revenue, suggesting a lean operational model. For instance, in 2023, expenses were $2,009,830 against revenues of $2,074,137, resulting in a modest surplus. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice enhances public trust and suggests a volunteer-driven or very low-cost leadership structure.

The organization's financial health is robust, with a positive net asset position and manageable liabilities. The significant dip in revenue and corresponding expenses during 2020 and 2021 (e.g., $177,499 revenue in 2020) is clearly attributable to external factors like the COVID-19 pandemic, from which the organization has shown a strong recovery, returning to pre-pandemic revenue levels by 2023. The consistent filing of IRS Form 990s over 13 periods further underscores their commitment to transparency and accountability. Overall, Kingdom Bound Ministries Inc. appears to be a financially sound and efficiently managed nonprofit.

Is Kingdom Bound Ministries Inc Legit?

Verdict: Kingdom Bound Ministries Inc appears trustworthy