Kingspath Senior Ministries Inc

Analysis

Kingspath Senior Ministries Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 2017, 9 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, Kingspath Senior Ministries Inc reported income of $6.9m and spending of $8.8m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $6.9m (+15149%), an average of +251% a year. The sharpest change came in the year to December 2020, when income rose by 4653%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kingspath Senior Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Elderly Housing Development and Operations Corporation ($6.9m), Arbors at St Barnabas Inc ($7.0m) and Davids House Ministries ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $34.7m against liabilities of $36.6m, net assets of -$1.9m.