King Highland Community Redevelopment Corporation

Analysis

King Highland Community Redevelopment Corporation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, King Highland Community Redevelopment Corporation reported income of $2.6m and spending of $4.0m, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $2.6m (-6.7%), an average of -1.7% a year. Over the whole period it spent 145% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, King Highland Community Redevelopment Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Calvary Baptist Community Center Inc ($2.6m), Lopez Island Family Resource Center ($2.6m) and Little Lambs Foundation for Kids Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $30.5m against liabilities of $38.9m, net assets of -$8.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.