Radio Kingston Corp

Analysis

Radio Kingston Corp is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Radio Kingston Corp reported income of $2.3m and spending of $5.4m, spending 240% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.1m to $2.3m (-72%), an average of -27% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Radio Kingston Corp sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Martha and John M Rivers Performance Hall Foundation ($2.3m), San Francisco Girls Chorus Inc ($2.3m) and Greenwood Rising Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $500k (9.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $11.7m against liabilities of $862k, net assets of $10.9m. It reported 55 employees.