Kingdom Equip Inc
EIN: 881090229 · Hillsboro, KS · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $267K |
| Total Expenses | $215K |
| Net Assets | $90K |
Is Kingdom Equip Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kingdom Equip Inc
Kingdom Equip Inc (EIN: 881090229) is a nonprofit organization based in Hillsboro, KS, classified under NTEE code X20. The organization reported total revenue of $267K and total assets of $141K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kingdom Equip Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kingdom Equip Inc is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of -23.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $168K |
| Total Expenses | $215K |
| Surplus / Deficit | $-46,695 |
| Total Assets | $92K |
| Total Liabilities | $2K |
| Net Assets | $90K |
| Operating Margin | -27.7% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 5.2 months |
Financial Health Grade: B
In 2024, Kingdom Equip Inc reported a deficit of $47K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 2 years of filings (2023–2024), Kingdom Equip Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -23.9% | +155.2% | -32.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kingdom Equip Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kingdom Equip Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.5%.
Frequently Asked Questions about Kingdom Equip Inc
Is Kingdom Equip Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kingdom Equip Inc (EIN: 881090229) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kingdom Equip Inc spend its money?
Detailed spending breakdown data is not yet available for Kingdom Equip Inc. Check back for updated IRS 990 analysis.
Are donations to Kingdom Equip Inc tax-deductible?
Kingdom Equip Inc is registered as a tax-exempt nonprofit (EIN: 881090229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kingdom Equip Inc located?
Kingdom Equip Inc is headquartered in Hillsboro, Kansas and files with the IRS under EIN 881090229. It is classified under NTEE code X20.
How many years of IRS 990 filings does Kingdom Equip Inc have?
Kingdom Equip Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $267K in total revenue.
Filing History
IRS 990 filing history for Kingdom Equip Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Kingdom Equip Inc's revenue has declined by 23.9%, moving from $221K to $168K. Total assets decreased by 32.6% over the same period, from $137K to $92K. Total functional expenses rose by 155.2%, from $84K to $215K. In its most recent filing year (2024), Kingdom Equip Inc reported a deficit of $47K, with expenses exceeding revenue. The organization holds $2K in liabilities against $92K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $90K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $168K | $215K | $92K | $2K | — | — |
| 2023 | $221K | $84K | $137K | $356 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kingdom Equip Inc:
Data Sources and Methodology
This transparency report for Kingdom Equip 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.