Kings Daughters & Sons Housing Inc

Analysis

Kings Daughters & Sons Housing Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kings Daughters & Sons Housing Inc reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.3m (+89%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kings Daughters & Sons Housing Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Anacortes Family Center ($3.3m), Red Feather Development Group ($3.3m) and Vernella Transitional Home ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $275k (8.5% of expenses). Other salaries and wages came to $483k. At year end it held assets of $5.6m against liabilities of $237k, net assets of $5.4m. It reported 16 employees.