The Kings Foundation America Inc

Analysis

The Kings Foundation America Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, The Kings Foundation America Inc reported income of $1.5m and spending of $2.4m, spending 162% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income grew from $1.0m to $1.5m (+48%), an average of +48% a year. The sharpest change came in the year to March 2024, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Kings Foundation America Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Brandywine Community Resource Council Inc ($1.5m), Helping Others Prepare for Eternity ($1.5m) and Transforming Educating & Empowering Children and Humanity ($1.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $31k, net assets of $7,226.