Kingsway Charities Inc
- Assets
- $22.7m
- Revenue
- $63.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Bristol, VA
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 54-1668650
Organization Overview
Kingsway Charities Inc is located in Bristol, VA. The organization was established in 1993. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Kingsway Charities Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingsway Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kingsway Charities Inc generated $63.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $67.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kingsway Charities Inc has awarded 662 individual grants totaling $280,075,926. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO SUPPLY MEDICATIONS AND MEDICAL SUPPLIES TO MEDICAL MISSION TEAMS TRAVELING WORLDWIDE.
Describe the Organization's Program Activity:
THE PROGRAM PROVIDED MEDICATIONS AND MEDICAL SUPPLIES FOR SHIPMENT TO U.S. BASED MEDICAL MISSION TEAMS TRAVELING TO THIRD WORLD COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ann Blessing President | Officer | 40 | $126,500 |
Marybeth Blessing Dir | Trustee | 40 | $63,900 |
Gregory Jones Secretary | Officer | 4 | $0 |
James Gregory Chairman | Officer | 4 | $0 |
John Gregory Chairman Emeritus | Officer | 4 | $0 |
Greg Tebeau Treasurer | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,975,537 |
| Noncash contributions included in lines 1a–1f | $62,882,289 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,975,537 |
| Total Program Service Revenue | $3,120 |
| Investment income | $130,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $116,769 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,381,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,457,050 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,400 |
| Compensation of current officers, directors, key employees. | $89,488 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,104 |
| Payroll taxes | $44,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $28,831 |
| Information technology | $15,480 |
| Royalties | $0 |
| Occupancy | $85,954 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,588 |
| Insurance | $32,689 |
| All other expenses | $0 |
| Total functional expenses | $67,671,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,911 |
| Savings and temporary cash investments | $303,366 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,578,149 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,233,959 |
| Investments—publicly traded securities | $1,614,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,739,501 |
| Accounts payable and accrued expenses | $1,681 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,681 |
| Net assets without donor restrictions | $22,737,820 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,739,501 |
Grants Awarded
Over the last fiscal year, Kingsway Charities Inc has awarded $66,323,529 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
Peachtree City, GA PURPOSE: Global healthcare | $22,138,036 |
CROSS CATHOLIC OUTREACH PURPOSE: Global healthcare | $20,899,743 |
RETURN SOLUTIONS PURPOSE: Destruction | $10,009,580 |
Fort Myers, FL PURPOSE: Global healthcare | $4,866,850 |
Abingdon, VA PURPOSE: Local aid | $2,619,308 |
Miami, FL PURPOSE: Global healthcare | $769,771 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kingsway Charities Inc has recieved totaling $453,497.
| Awarding Organization | Amount |
|---|---|
Medical Teams International Tigard, OR PURPOSE: HELP THOSE IN NEED | $453,497 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adventist Development And Relief Agency International Silver Spring, MD | $93,556,695 | $133,531,867 |
Project Hope The People To People Health Foundation Inc Washington, DC | $49,626,555 | $132,366,024 |
American Near East Refugee Aid Inc Washington, DC | $22,548,003 | $100,752,656 |
Pan American Development Foundation Inc Washington, DC | $40,424,098 | $101,859,557 |
International Foundation For Electoral Systems Arlington, VA | $29,872,159 | $76,376,806 |
Kingsway Charities Inc Bristol, VA | $22,739,501 | $63,381,174 |
Operation Smile Inc Virginia Beach, VA | $94,902,554 | $85,245,515 |
Ipas Chapel Hill, NC | $140,923,971 | $66,162,811 |
Aga Khan Foundation Usa Washington, DC | $514,583,753 | $79,966,800 |
Internet Society Reston, VA | $66,935,347 | $44,092,152 |
Ashoka Arlington, VA | $82,475,010 | $42,522,077 |
New Israel Fund Washington, DC | $34,542,949 | $49,845,790 |