Midland Kings Daughters Endowment Fund

Analysis

Midland Kings Daughters Endowment Fund is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Midland Kings Daughters Endowment Fund reported income of $982k and spending of $1.9m, spending 196% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $982k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income rose by 206%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midland Kings Daughters Endowment Fund sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Housing Plus ($982k), Everett Non-Profit Housing Corporation ($982k) and Whatcom-Skagit Housing ($981k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 0.0% of the total. At year end it held assets of $34.4m against liabilities of $1.6m, net assets of $32.8m.