Kings Bay Youth Organization Inc

Analysis

Kings Bay Youth Organization Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2005, 21 years ago. 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 Bay Youth Organization Inc reported income of $219k and spending of $222k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $219k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kings Bay Youth Organization Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Alpha Gamma Rho Lambda Chapter Educational Foundation ($219k), Affordable Housing Projects of Orange County Inc ($219k) and Symphony Orchestra Guild of Decatur ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $249k against liabilities of $779k, net assets of -$530k.