Kings Bay Ym-Ywha Inc

Analysis

Kings Bay Ym-Ywha Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kings Bay Ym-Ywha Inc reported income of $13.7m and spending of $13.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.3m to $13.7m (+22%), an average of +5.0% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kings Bay Ym-Ywha Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Foundation for Atlanta Veterans Education and Research Inc ($13.7m), HIV Alliance ($13.7m) and By the Hand Club for Kids ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $661k (4.9% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $16.5m against liabilities of $7.7m, net assets of $8.8m. It reported 433 employees.