Kings Wings Inc

Analysis

Kings Wings Inc is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Kings Wings Inc reported income of $82k and spending of $180k, spending 220% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income fell from $337k to $82k (-76%), an average of -51% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kings Wings Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Acts 2 Network Inc ($82k), Mens Downtown Bible Class Ofwaxahachie ($82k) and Eglise Evangelique Baptiste de Siloe ($82k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. At year end it held assets of $68k against liabilities of $2,030, net assets of $66k.