Kingman Boys Club Inc

Analysis

Kingman Boys Club Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1968, 58 years ago. 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 June 2023, Kingman Boys Club Inc reported income of $983k and spending of $727k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $819k to $983k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 226%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kingman Boys Club Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 54th percentile within DC. Charities of a similar size with the same main cause include American Foundation for Affordable Housing Inc ($983k), Doylestown Fire Co No 1 ($983k) and Hillsboro Community Foundation Inc ($983k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $71k (9.8% of expenses). Other salaries and wages came to $358k. At year end it held assets of $3.5m against liabilities of $36k, net assets of $3.5m. It reported 24 employees.