Nonprofit · EIN 54-1668650
KINGSWAY CHARITIES INC
Tax-exempt · BRISTOL, TN 37620
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $266,303,035 | $142,763,808 | $123,539,227 | $131,309,346 | $0 | $131,309,346 |
| December 31, 2023 | 990 | $15,302,918 | $11,847,568 | $3,455,350 | $7,803,791 | $1,264 | $7,802,527 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $265,890,485
- Program service revenue
- $199,371
- Investment income
- $84,209
- Net gain from sales of assets
- -$18,171
- Net income from sales of inventory
- $128,970
- Other revenue
- $128,970
Expenses
- Grants and similar amounts paid
- $141,856,523
- Compensation of officers, directors and key employees
- $223,683
- Other salaries and wages
- $289,436
- Salaries, compensation and benefits (total)
- $677,665
- Professional fundraising fees
- $0
- Accounting fees
- $17,000
- Depreciation
- $493
- Program services (functional)
- $142,571,415
- Management and general (functional)
- $192,393
Balance sheet and other
- Total assets, start of year
- $7,803,791
- Total assets, end of year
- $131,309,346
- Total liabilities, end of year
- $0
- Net assets, end of year
- $131,309,346
- Land, buildings and equipment
- $5,692
- Publicly traded securities
- $669,170
- Net assets without donor restrictions
- $131,309,346
- Gross receipts
- $266,452,322
- Employees
- 6
- Volunteers
- 14
- Year formed
- 1993
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mary Ann Blessing | President Officer | 40 | $151,500 |
| MaryBeth Blessing | Dir Trustee or director | 40 | $72,183 |
| Greg Tebeau | Dir Trustee or director | 4 | $0 |
| Herschel Blessing | Dir Trustee or director | 1 | $0 |
| Joseph Gregory | Dir Trustee or director | 1 | $0 |
| Joan Gregory | Dir Trustee or director | 1 | $0 |
| Jordan Gregory | Dir Trustee or director | 1 | $0 |
| Jefferson Gregory | Dir Trustee or director | 1 | $0 |
| Benjamin Blessing | Dir Trustee or director | 1 | $0 |
| Susan Gregory Sorrell | Treas Trustee or director, Officer | 1 | $0 |
| John Gregory | Chairman Emeritus Officer | 4 | $0 |
| Gregory Jones | Secretary Officer | 4 | $0 |
| James Gregory | Chairman Officer | 4 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mary Ann Blessing | President Officer | 40 | $143,808 |
| MaryBeth Blessing | Dir Trustee or director | 40 | $66,977 |
| Susan Gregory Sorrell | Dir Trustee or director | 1 | $0 |
| Jordan Gregory | Dir Trustee or director | 1 | $0 |
| Kay Barker | Dir Trustee or director | 1 | $0 |
| Benjamin Blessing | Dir Trustee or director | 1 | $0 |
| Jefferson Gregory | Dir Trustee or director | 1 | $0 |
| Joseph Gregory | Dir Trustee or director | 1 | $0 |
| Herschel Blessing | Dir Trustee or director | 1 | $0 |
| Joan Gregory | Dir Trustee or director | 1 | $0 |
| John Gregory | Chairman Emeritus Officer | 4 | $0 |
| Greg Tebeau | Treasurer Officer | 4 | $0 |
| James Gregory | Chairman Officer | 4 | $0 |
| Gregory Jones | Secretary Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 1807 BAY ST, BRISTOL, TN 37620-1946
- In care of
- % MARY ANN BLESSING
- Principal officer (990 for 2024)
- John Gregory, 1807 Bay St, Bristol, TN 37620
- Signed the 990
- MARY ANN BLESSING, President
- Phone
- (276) 466-3014
- Website
- www.kingswaycharities.org
- Return prepared by
- David E Warren CPA
Mission
The primary purpose of the organization is to supply medications and medical supplies to medical mission teams traveling worldwide.
Program accomplishments
- The program provided medications and medical supplies for shipment to U.S. based medical mission teams traveling to third world countries.Expenses $142,571,415 · revenue $266,303,035
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1668650
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q300)
- Assets (IRS master file)
- $131,309,346
- Income (IRS master file)
- $266,452,322
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $266,303,035 | $142,763,808 | $131,309,346 | IRS |
| 990 | December 2023 | $15,302,918 | $11,847,568 | $7,803,791 | XML |
| 990 | December 2022 | $17,495,514 | $35,824,611 | $4,340,707 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1668650).
Questions about KINGSWAY CHARITIES INC
- What is the EIN of KINGSWAY CHARITIES INC?
- The employer identification number (EIN) of KINGSWAY CHARITIES INC is 54-1668650.
- Is KINGSWAY CHARITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to KINGSWAY CHARITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KINGSWAY CHARITIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KINGSWAY CHARITIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KINGSWAY CHARITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KINGSWAY CHARITIES INC?
- The 990 for the year ended December 31, 2024 names John Gregory.
- Who are the officers and directors of KINGSWAY CHARITIES INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 2 received compensation from the organization, the highest $151,500 (Mary Ann Blessing, President).
- How much revenue does KINGSWAY CHARITIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $266,303,035, expenses of $142,763,808 and total assets of $131,309,346 at year end.
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All nonprofits in BRISTOL · Tennessee · International, foreign affairs and national security