King Street Center Inc

Analysis

King Street Center Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in November 1980, 46 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 March 2023, King Street Center Inc reported income of $1.9m and spending of $2.0m, spending 104% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.3m to $1.9m (+48%), an average of +14% a year. The sharpest change came in the year to March 2021, when income rose by 58%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, King Street Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within VT. Charities of a similar size with the same main cause include Sharp Literacy Inc ($1.9m), Share Your Care Inc ($1.9m) and Healthy Habits 4 Life ($1.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 62% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $118k (6.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.2m against liabilities of $104k, net assets of $8.1m. It reported 62 employees.