Ricky King Foundation Inc

Analysis

Ricky King Foundation Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ricky King Foundation Inc reported income of $72k and spending of $108k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $242k to $72k (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 569%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ricky King Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include 21st Century Dads Foundation ($72k), Joy of Life on the Gulf Coast Inc ($72k) and Altamaha Emc Foundation Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $26k (24% of expenses). At year end it held assets of $1.1m against liabilities of $661, net assets of $1.1m. It reported 1 employees.