Kings Daughters Medical Specialties Inc

Analysis

Kings Daughters Medical Specialties Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Kings Daughters Medical Specialties Inc reported income of $78.8m and spending of $96.6m, spending 123% of what it took in. Across the 5 years on record, from September 2019 to June 2023, income grew from $54.2m to $78.8m (+45%), an average of +9.8% a year. The sharpest change came in the year to September 2021, when income rose by 29%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kings Daughters Medical Specialties Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Speare Memorial Hospital ($78.8m), Maryland Emergency Medicine Network ($78.9m) and Boston Childrens Heart Foundation ($78.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $73.8m. At year end it held assets of $14.9m against liabilities of $11.7m, net assets of $3.1m. It reported 303 employees.

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.