Kingsway Education Foundation Inc

Analysis

Kingsway Education Foundation Inc is a registered charity in United States, based in Woolwich TWP, NJ. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kingsway Education Foundation Inc reported income of $181k and spending of $173k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $223k to $181k (-19%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kingsway Education Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Humanitys Kitchen Inc ($181k), Cotillion Society of Detroit Educational Foundation ($181k) and Texas Builders Foundation ($181k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 72% of the total. At year end it held assets of $332k against liabilities of $0, net assets of $332k.