Kingsway Services Inc

Analysis

Kingsway Services Inc is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kingsway Services Inc reported income of $2.7m and spending of $2.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.7m (+85%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kingsway Services Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Carelink Community Services ($2.7m), Vwe Properties Corporation ($2.7m) and Institute for the New Man Dba Friends of Man ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $463k (19% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $570k against liabilities of $240k, net assets of $330k. It reported 43 employees.