King Edwards Inc

Analysis

King Edwards Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, King Edwards Inc reported income of $1.8m and spending of $2.0m, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $1.8m (+14%), an average of +2.7% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, King Edwards Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Indigenous Peoples Rights Inc ($1.8m), Institute for Survivor Care Inc ($1.8m) and Safe Shelter Center for Domestic Violence Services Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $163k (8.2% of expenses). Other salaries and wages came to $511k. At year end it held assets of $794k against liabilities of $30k, net assets of $764k. It reported 8 employees.