Kissito Healthcare Inc

Analysis

Kissito Healthcare Inc is a registered charity in United States, based in Shrewsbury, WV. It received its IRS tax-exemption ruling in June 1990, 36 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 December 2023, Kissito Healthcare Inc reported income of $2.5m and spending of $4.6m, spending 183% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $11.9m to $2.5m (-79%), an average of -40% a year. The sharpest change came in the year to December 2022, when income rose by 181%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kissito Healthcare Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within WV. Charities of a similar size with the same main cause include Buhl Park Corporation ($2.5m), Richmond Neighborhood Housing Services Inc ($2.5m) and St Louis Community College Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $306k. At year end it held assets of $5.7m against liabilities of $132.9m, net assets of -$127.3m. It reported 8 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.