Kingsway Charities Inc

Analysis

Kingsway Charities Inc is a registered charity in United States, based in Bristol, TN. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Kingsway Charities Inc reported income of $15.3m and spending of $11.8m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $128.9m to $15.3m (-88%), an average of -41% a year. The sharpest change came in the year to December 2022, when income dropped by 72%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Kingsway Charities Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Dress for Success Worldwide ($15.3m), Voices Project USA Inc ($15.3m) and One Collective NFP ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 1.0% of the total. Other salaries and wages came to $505k. At year end it held assets of $7.8m against liabilities of $1,264, net assets of $7.8m. It reported 7 employees.