Overview
What is Kingsway Charities Inc?
Kingsway Charities Inc, located at 1171 Commonwealth Ave STE Ste101, Bristol, Virginia, is a nonprofit organization with a workforce of nine individuals. Their primary mission is to support medical mission teams by providing necessary medications and medical supplies for their international humanitarian efforts. Through their efforts, they contribute significantly to enhancing healthcare accessibility in third world countries.
Official website here: www.kingswaycharities.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 88% (Three-Star out of Four Star rating)
Kingsway Charities Inc has received a strong rating of 88% from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a fully independent board and has excellent scores in areas such as financial oversight and documentation policies. Their program expense ratio is notably high at 99.49%, which suggests that a significant portion of their funds is directed towards their charitable programs rather than administrative costs.
User feedback on platforms like Great Nonprofits reflects a positive perception of Kingsway Charities. A long-time volunteer described it as a rewarding place to serve and highlighted its initiatives, particularly the International Ministry, which provides donated medication to missionaries supporting those in need in developing countries. This support from volunteers underscores the organization's community impact and the satisfaction derived from its mission.
While the organization excels in many areas, there is a noted limitation concerning its working capital ratio, which stands at a low 0.09 years. This may indicate potential challenges in liquidity and financial stability. Overall, Kingsway Charities Inc demonstrates a strong commitment to its mission while maintaining high standards of governance and financial transparency.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Kingsway Charities Inc legitimate?
Kingsway Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kingsway Charities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $190,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $389,333
For more financial information, click here
Official website here: www.kingswaycharities.org
What is the mission statement of Kingsway Charities Inc?
Kingsway Charities Inc is dedicated to supporting medical mission teams by providing them with essential medications and medical supplies for their humanitarian trips abroad. The organization's primary goal is to ensure these teams have the necessary resources to provide healthcare services to individuals in need in third world countries. By supplying these vital supplies, Kingsway Charities Inc plays a crucial role in enhancing the capacity of medical missions to make a positive impact on global health. Additionally, the organization's efforts contribute to improving access to healthcare services for communities in under-resourced areas.
Official website here: www.kingswaycharities.org
Who is the CEO of Kingsway Charities Inc?
James Gregory is the Chairman of Kingsway Charities Inc.
Official website here: www.kingswaycharities.org
What is the revenue of Kingsway Charities Inc?
Kingsway Charities Inc's revenue in 2022 was $17,495,514.
Official website here: www.kingswaycharities.org
Who are the executives of Kingsway Charities Inc and what are their salaries?
The average compensation at Kingsway Charities Inc during 2022 was $64,415. There are 9 employees and 14 volunteers at Kingsway Charities Inc.
Here are 14 key members and their salaries:
- Compensation: $126,500
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- Other: $0
- Compensation: $63,900
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- Other: $0
Official website here: www.kingswaycharities.org
Where can I find the form 990 for Kingsway Charities Inc?
Kingsway Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kingswaycharities.org
Learn more at the official website: www.kingswaycharities.org
Mission Statement of Kingsway Charities Inc
Kingsway Charities Inc, a renowned organization, is dedicated to fulfilling a vital role by supplying essential medications and medical supplies to medical mission teams as they embark on their humanitarian journeys across the globe. This nonprofit's primary mission is geared towards ensuring that these teams are adequately equipped to deliver optimal healthcare services to underserved communities in third world countries.
The tireless efforts of Kingsway Charities Inc extend beyond simple logistics. By providing crucial medical resources, this organization enables medical mission teams to bring much-needed relief and care to individuals who might otherwise lack access to even the most basic medicines and medical supplies. In doing so, Kingsway Charities plays a pivotal role in improving health outcomes and making a lasting impact on the lives of those in need.
Moreover, the organization accomplishes its mission through a well-orchestrated system. Kingsway Charities processes and ships medications and medical supplies to U.S.-based medical mission teams prior to their departures. By doing so, it ensures these essential resources are readily available when and where they are needed most. This timely and effective distribution model underscores the organization's commitment to enhancing the reach and efficacy of medical mission teams.
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Impact
October, 2024
Kingsway Charities Inc significantly impacts global health by supplying essential medications and medical supplies to medical mission teams serving in third-world countries. By facilitating the delivery of these critical resources, the organization enhances the capacity of healthcare providers working in underserved areas, ultimately improving patient outcomes and access to care.
Operating from Bristol, VA, Kingsway Charities ensures that U.S.-based medical teams have the necessary tools to address healthcare challenges in their target communities. This support is vital, as many regions lack access to basic medications and medical equipment, making Kingsway's contributions a lifeline for both healthcare professionals and the patients they serve.
Through its focused mission, Kingsway Charities Inc not only addresses immediate medical needs but also contributes to the broader goal of advancing global health equity. By partnering with dedicated medical teams, the organization plays a crucial role in uplifting healthcare standards and fostering humanitarian efforts worldwide.
This information is meant to be a general summary of Kingsway Charities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$62,613
- Program Service Revenue: $9,400
- Gross Receipts: $18,180,740
Assets and Liabilities:
- Total Assets: $4,340,707
- Total Liabilities: $1,831
- Net Assets: $4,338,876
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ministry servicesRent
Revenue
$9,400
Organization Details
Founding Year
1993
Principal Officer
James Gregory
Main Address
1171 Commonwealth Ave STE Ste101, Bristol, VA, 24201
Website
www.kingswaycharities.orgNTEE Category
Code: Q300 - International
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