Kingswood Community Center Inc

Analysis

Kingswood Community Center Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 1948, 78 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kingswood Community Center Inc reported income of $4.0m and spending of $3.3m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $4.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 311%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kingswood Community Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within DE. Charities of a similar size with the same main cause include Underground Railroad Inc ($4.0m), McLean Fund ($4.0m) and Early Childhood Council of the San Luis Valley ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $186k (5.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $16.3m against liabilities of $1.1m, net assets of $15.2m. It reported 48 employees.