Kings Daughters & Sons Inc Home for Aged

Analysis

Kings Daughters & Sons Inc Home for Aged is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in August 1955, 71 years ago. 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, Kings Daughters & Sons Inc Home for Aged reported income of $801k and spending of $800k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $723k to $801k (+11%), an average of +2.6% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kings Daughters & Sons Inc Home for Aged sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Healing the Children Northeast Incorporated ($801k), Weirton Christian Center ($801k) and Fred Kennedy Associates Inc ($801k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $73k (9.1% of expenses). Other salaries and wages came to $349k. At year end it held assets of $527k against liabilities of $3,643, net assets of $524k. It reported 26 employees.