Kings Daughters Day Home

Analysis

Kings Daughters Day Home is a registered charity in United States, based in Madison, TN. It received its IRS tax-exemption ruling in May 1965, 61 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 June 2023, Kings Daughters Day Home reported income of $1.5m and spending of $1.3m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.5m (+47%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kings Daughters Day Home sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Wilmington Future Inc ($1.5m), American Conference of Cantors Inc ($1.5m) and Foundation for Edmonds School District ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $94k (7.4% of expenses). Other salaries and wages came to $687k. At year end it held assets of $4.2m against liabilities of $45k, net assets of $4.1m. It reported 34 employees.