Kingco Conference

Analysis

Kingco Conference is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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 July 2024, Kingco Conference reported income of $242k and spending of $252k, spending 104% of its income. Across the 3 years on record, from July 2021 to July 2024, income grew from $1 to $242k (+24209400%), an average of +49103% a year. The sharpest change came in the year to July 2023, when income rose by 25331300%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kingco Conference sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include Jewish Community Relations Council ($242k), Memphremagog Senior Citizen Housing Inc ($242k) and Evangeline Law Enforcement Council Inc ($242k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $12k (4.6% of expenses). Other salaries and wages came to $96k. At year end it held assets of $100k against liabilities of $0, net assets of $100k.