Kings Care a Safe Place Inc

Analysis

Kings Care a Safe Place Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1997, 29 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 December 2023, Kings Care a Safe Place Inc reported income of $656k and spending of $525k, spending 80% of its income. Across the 6 years on record, from December 2017 to December 2023, income grew from $495k to $656k (+33%), an average of +5.8% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 96% 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 a Safe Place Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Nebraska City Veterans Memorial Building Project ($656k), Mid-Iowa Workshops Inc ($657k) and Partnership West Inc Business Improvement District ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $48k (9.1% of expenses). Other salaries and wages came to $19k. At year end it held assets of $460k against liabilities of $5,057, net assets of $455k. It reported 6 employees.