Kingdom Capital Network

Analysis

Kingdom Capital Network is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Kingdom Capital Network reported income of $606k and spending of $187k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $606k (+709%), an average of +709% a year. The sharpest change came in the year to December 2023, when income rose by 709%. Over the whole period it spent 28% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kingdom Capital Network sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Germantown United Community Development Corporation ($606k), Assistance League of the Foothill Communities ($607k) and Canton Area Plumbers Pipefitters & Refrig Joint Apprenticeship Comm ($606k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $79k (42% of expenses). Other salaries and wages came to $40k. At year end it held assets of $672k against liabilities of $179k, net assets of $493k. It reported 3 employees.