DT and Joan King Foundation

Analysis

DT and Joan King Foundation is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, DT and Joan King Foundation reported income of $381k and spending of $341k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $145k to $381k (+162%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, DT and Joan King Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Sharefest Will County ($381k), Edible Education Experience Inc ($381k) and Mountain View Community Development ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.