Kings County Management & Development Corporation

Analysis

Kings County Management & Development Corporation is a registered charity in United States, based in Hanford, CA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kings County Management & Development Corporation reported income of $67k and spending of $46k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $69k to $67k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kings County Management & Development Corporation sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Walnut Affordable Housing Inc ($67k), Bulls Gap Railroad Museum Association ($67k) and Veterans Outpost ($67k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 47% of the total. Other salaries and wages came to $25k. At year end it held assets of $503k against liabilities of $86k, net assets of $417k.