Kingdom Community Development Corporation

Analysis

Kingdom Community Development Corporation is a registered charity in United States, based in Spring Lake, NC. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Kingdom Community Development Corporation reported income of $581k and spending of $714k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $911k to $581k (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kingdom Community Development Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Victory Gardens Inc ($580k), Jane Place Neighborhood Sustainability Initiative ($581k) and J-Hap Inc ($580k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 34% of the total. Other salaries and wages came to $230k. At year end it held assets of $4.3m against liabilities of $360k, net assets of $3.9m. It reported 7 employees.