Norfolk City Union of the Kings Daughters Inc

Analysis

Norfolk City Union of the Kings Daughters Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in August 1985, 41 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, Norfolk City Union of the Kings Daughters Inc reported income of $1.4m and spending of $843k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.4m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norfolk City Union of the Kings Daughters Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include DLC Nurse & Learn Inc ($1.4m), Boys & Girls Club of Southwestern Oregon ($1.4m) and Epidermolysis Bullosa Medical Research Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $333k. At year end it held assets of $1.5m against liabilities of $191k, net assets of $1.3m.