Kingswood Home for Children Inc

Analysis

Kingswood Home for Children Inc is a registered charity in United States, based in Bean Station, TN. It received its IRS tax-exemption ruling in December 1946, 80 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Kingswood Home for Children Inc reported income of $1.5m and spending of $1.2m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.5m (+10%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 80% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Kingswood Home for Children Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Bnei Levi Inc ($1.5m), Boys and Girls Club of Yellowstone County Endowment Foundation ($1.5m) and Girl Scouts of Southwest Indiana Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 2.2% of the total. Other salaries and wages came to $522k. At year end it held assets of $3.6m against liabilities of $129k, net assets of $3.4m. It reported 30 employees.