Kings Home

Analysis

Kings Home is a registered charity in United States, based in Chelsea, AL. It received its IRS tax-exemption ruling in July 1979, 47 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 December 2023, Kings Home reported income of $9.5m and spending of $9.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.7m to $9.5m (+24%), an average of +5.5% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kings Home sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Brigid Alliance Inc ($9.5m), New American Pathways Inc ($9.5m) and Wesley Community Center Inc ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $466k (4.7% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $5.7m against liabilities of $1.6m, net assets of $4.1m. It reported 326 employees.