Kings Endowment Fund

Analysis

Kings Endowment Fund is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kings Endowment Fund reported income of $68k and spending of $240k, spending 354% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $68k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income rose by 331%. Over the whole period it spent 174% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kings Endowment Fund sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within MI. Charities of a similar size with the same main cause include Ramakrishna Ashrama ($68k), Global Mission Nepal Inc ($68k) and Row House ($68k).

At year end it held assets of $5.3m against liabilities of $0, net assets of $5.3m.

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.