Kings Care Foundation

Analysis

Kings Care Foundation is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in June 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kings Care Foundation reported income of $1.6m and spending of $1.1m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.6m (-2.4%), an average of -0.6% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kings Care Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Friends of the Riverfront Inc ($1.6m), Henderson Settlement Inc ($1.6m) and Cultureworks Greater Philadelphia Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $158k.