Kingdom Development Inc

Analysis

Kingdom Development Inc is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Kingdom Development Inc reported income of $26.0m and spending of $22.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $26.0m (+2378%), an average of +123% a year. The sharpest change came in the year to December 2020, when income rose by 519%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kingdom Development Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Foundation Communities ($25.9m), Caritas Corporation ($26.0m) and Elderhomes Corp ($25.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 76% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $212.9m against liabilities of $195.5m, net assets of $17.4m.