The Kings Trust USA Inc

Analysis

The Kings Trust USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2024, The Kings Trust USA Inc reported income of $6.8m and spending of $7.3m, spending 108% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $8.6m to $6.8m (-21%), an average of -5.7% a year. The sharpest change came in the year to March 2022, when income rose by 208%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Kings Trust USA Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Shuvu Return Inc ($6.8m), Jewish Federation of Greater Hartford ($6.8m) and Clayton Foundation ($6.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 109% of the total. Compensation of current officers, directors and key employees was $525k (7.2% of expenses). Other salaries and wages came to $466k. At year end it held assets of $7.5m against liabilities of $583k, net assets of $6.9m. It reported 8 employees.