Kingfield Neighborhood Association

Analysis

Kingfield Neighborhood Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1987, 39 years ago. 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 May 2023, Kingfield Neighborhood Association reported income of $131k and spending of $132k, spending 100% of its income. Across the 2 years on record, from May 2022 to May 2023, income fell from $205k to $131k (-36%), an average of -36% a year. The sharpest change came in the year to May 2023, when income dropped by 36%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kingfield Neighborhood Association sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Fire Department of Washington Township Inc ($131k), Floyd County Library Building Fund Inc ($131k) and Sojourner Ministries Inc ($131k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Other salaries and wages came to $84k. At year end it held assets of $344k against liabilities of $884, net assets of $343k. It reported 1 employees.