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Ken Petty Ministries

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 371278324 ✦ Benton, IL ✦ Designated as a 501(c)(3)

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Overview

What is Ken Petty Ministries?

Ken Petty Ministries is a non-profit organization dedicated to spreading the message of Jesus Christ. They accomplish this mission through various means, including preaching, singing, and a monthly newsletter that reaches approximately 1250 individuals. The organization's primary focus is evangelism, aiming to spread the Gospel and positively impact the lives of those who receive their messages.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while the organization demonstrates some strengths, there are areas where it could improve to enhance donor confidence and overall accountability.

Ken Petty Ministries has a strong accountability and finance score of 73, with notable strengths in governance. The organization boasts 100% independent board members and has documented board meeting minutes, ensuring transparency in its operations. Additionally, it maintains a favorable liabilities to assets ratio at 50.20%, indicating sound financial management.

However, the overall rating of two stars suggests that there are still aspects of the organization that may need attention. While it has an impressive program expense ratio of 93.34%, which signifies a high level of spending on programs relative to total expenses, potential donors may want to consider the areas where the organization may be lacking to fully assess its impact and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Ken Petty Ministries legitimate?

Ken Petty Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ken Petty Ministries submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $33,070
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Ken Petty Ministries?

Ken Petty Ministries is dedicated to propagating the teachings of Jesus Christ. This is accomplished through various means, including preaching and singing. Additionally, the ministry distributes a monthly newsletter that reaches approximately 1250 individuals. At its core, Ken Petty Ministries is focused on evangelism, with the goal of spreading the Gospel and sharing the message of salvation.

Who is the CEO of Ken Petty Ministries?

Kennneth D Petty is the Principal Officer of Ken Petty Ministries.

What is the revenue of Ken Petty Ministries?

Ken Petty Ministries's revenue in 2022 was $137,272.

Who are the executives of Ken Petty Ministries and what are their salaries?

The average compensation at Ken Petty Ministries during 2022 was $11,023. There are 3 employees and 20 volunteers at Ken Petty Ministries.


Here are 6 key members and their salaries:


Kenneth D Petty (President)
  • Compensation: $5,382
  • Related: $0
  • Other: $0
Joyce Petty (Treasurer)
  • Compensation: $8,197
  • Related: $0
  • Other: $0
Pam Tomer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mallory Newbury (Director)
  • Compensation: $19,491
  • Related: $0
  • Other: $0
Sarah Wiggs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Petty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ken Petty Ministries?

Ken Petty Ministries's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ken Petty Ministries

Ken Petty Ministries, a nonprofit organization, is dedicated to the mission of spreading the Gospel of Jesus Christ. They accomplish this mission through various means, including preaching and singing. Furthermore, the organization releases a monthly newsletter that reaches and benefits approximately 1250 individuals. The primary focus of Ken Petty Ministries is evangelism, aiming to share the message of Jesus Christ with as many people as possible.

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Impact




October, 2024

Ken Petty Ministries significantly impacts the community by actively spreading the Gospel of Jesus Christ. Through dynamic preaching and engaging musical performances, the ministry reaches a diverse audience, fostering spiritual growth and encouragement. The monthly newsletter serves as a vital resource, benefiting approximately 1,250 individuals, providing them with teachings, inspiration, and updates on the ministry’s activities. Operating out of Benton, Illinois, the organization dedicates itself to the mission of evangelism, creating a ripple effect of faith and hope within the community and beyond.




This information is meant to be a general summary of Ken Petty Ministries. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$137,272 (2022)
Expenses
$146,910 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $31,900
  • Program Service Revenue: $3,500
  • Gross Receipts: $141,410

Assets and Liabilities:

  • Total Assets: $1,548,978
  • Total Liabilities: $646,618
  • Net Assets: $902,360

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Organization Details

Founding Year

1991

Principal Officer

Kennneth D Petty

Main Address

10328 Iowa Street, Benton, IL, 62812

NTEE Category

Code: X21Z - Religion related

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