Will King Foundation Inc

Analysis

Will King Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Will King Foundation Inc reported income of $391k and spending of $68k, leaving 83% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $391k (+665%), an average of +665% a year. The sharpest change came in the year to December 2023, when income rose by 665%. Over the whole period it spent 23% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Will King Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Jefferson Regional Medical Center Foundation ($391k), Haven Care Center Inc ($391k) and Vessel Works ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $10k. At year end it held assets of $342k against liabilities of $454, net assets of $341k. It reported 2 employees.