Kingdom Bound Ministries Inc
Kingdom Bound Ministries Inc. consistently operates with 0% officer compensation and has recovered strongly from pandemic-related revenue dips.
EIN: 161331766 · Buffalo, NY · NTEE: X20Z · Updated: 2026-03-28
Is Kingdom Bound Ministries Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kingdom Bound Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kingdom Bound Ministries Inc
Kingdom Bound Ministries Inc (EIN: 161331766) is a nonprofit organization based in Buffalo, NY, classified under NTEE code X20Z. The organization reported total revenue of $2.2M and total assets of $955K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kingdom Bound Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kingdom Bound Ministries Inc is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$64K |
| Total Assets | $849K |
| Total Liabilities | $139K |
| Net Assets | $709K |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 16.4% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2023, Kingdom Bound Ministries Inc reported a surplus of $64K with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 16.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kingdom Bound Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.9% | +39.9% | +17.5% |
| 2022 | +175.8% | +366.2% | -37.8% |
| 2021 | +226.1% | -30.6% | +18.6% |
| 2020 | -91.3% | -76.7% | +51.2% |
| 2019 | -0.5% | -1.5% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kingdom Bound Ministries Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Kingdom Bound Ministries Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $64K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available IRS 990 filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with over $2 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Kingdom Bound Ministries Inc:
- 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).
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 legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Kingdom Bound Ministries Inc spend its money?
Kingdom Bound Ministries Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kingdom Bound Ministries Inc tax-deductible?
Kingdom Bound Ministries Inc is registered as a tax-exempt nonprofit (EIN: 161331766). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Kingdom Bound Ministries Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation on the 990, or that the compensation is below the reporting threshold for officers. This is a significant operational model that contributes to high program efficiency.
What was the impact of the COVID-19 pandemic on the organization's long-term financial stability?
While the pandemic caused a severe temporary drop in revenue (e.g., $177,499 in 2020), the organization has demonstrated a strong recovery, with revenue returning to $2,074,137 in 2023, indicating resilience and a return to pre-pandemic operational levels. Their assets also remained relatively stable during this period, suggesting good financial management.
What is the organization's strategy for maintaining low administrative and fundraising costs?
The low administrative and fundraising percentages (estimated at 10% and 5% respectively) are likely supported by the 0% officer compensation, potentially a strong volunteer base, and efficient operational practices. This allows a higher proportion of funds to be directed towards program services.
Filing History
IRS 990 filing history for Kingdom Bound Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kingdom Bound Ministries Inc's revenue has declined by 8.1%, moving from $2.3M to $2.1M. Total assets increased by 55.5% over the same period, from $546K to $849K. Total functional expenses fell by 10.7%, from $2.3M to $2.0M. In its most recent filing year (2023), Kingdom Bound Ministries Inc reported a surplus of $64K, with revenue exceeding expenses. The organization holds $139K in liabilities against $849K in assets (debt-to-asset ratio: 16.4%), resulting in net assets of $709K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.0M | $849K | $139K | — | View 990 |
| 2022 | $1.6M | $1.4M | $723K | $78K | — | View 990 |
| 2021 | $579K | $308K | $1.2M | $676K | — | View 990 |
| 2020 | $177K | $444K | $979K | $764K | — | View 990 |
| 2019 | $2.0M | $1.9M | $648K | $150K | — | View 990 |
| 2018 | $2.1M | $1.9M | $676K | $300K | — | View 990 |
| 2017 | $1.6M | $1.6M | $684K | $410K | — | View 990 |
| 2016 | $1.9M | $2.0M | $414K | $141K | — | View 990 |
| 2015 | $2.1M | $2.1M | $490K | $165K | — | View 990 |
| 2014 | $2.3M | $2.2M | $481K | $168K | — | View 990 |
| 2013 | $2.0M | $2.0M | $472K | $222K | — | View 990 |
| 2012 | $2.2M | $2.2M | $503K | $199K | — | View 990 |
| 2011 | $2.3M | $2.3M | $546K | $193K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.0M, and assets of $849K (revenue +29.9% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.4M, and assets of $723K (revenue +175.8% year-over-year).
- 2021: Revenue of $579K, expenses of $308K, and assets of $1.2M (revenue +226.1% year-over-year).
- 2020: Revenue of $177K, expenses of $444K, and assets of $979K (revenue -91.3% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.9M, and assets of $648K (revenue -0.5% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.9M, and assets of $676K (revenue +28.2% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $684K (revenue -17.1% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.0M, and assets of $414K (revenue -10.0% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $490K (revenue -6.7% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.2M, and assets of $481K (revenue +15.7% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.0M, and assets of $472K (revenue -8.9% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.2M, and assets of $503K (revenue -3.2% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.3M, and assets of $546K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kingdom Bound Ministries Inc:
Data Sources and Methodology
This transparency report for Kingdom Bound Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.