Kings Bridge Retirement Inc

Analysis

Kings Bridge Retirement Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Kings Bridge Retirement Inc reported income of $9.2m and spending of $10.0m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.7m to $9.2m (+37%), an average of +8.2% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kings Bridge Retirement Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Scan Group ($9.2m), Davis Memorial Fund Inc ($9.2m) and Santa Maria El Mirador ($9.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $357k (3.6% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $18.8m against liabilities of $10.5m, net assets of $8.4m. It reported 132 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.