Kingsbury Corporation
Kingsbury Corporation: Stable Revenue, High Liabilities, and Transparency Concerns
EIN: 221846785 · Trenton, NJ · NTEE: L210 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $4.9M |
| Program Spending | 70% |
| Net Assets | $863K |
| Transparency Score | 65/100 |
Is Kingsbury Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kingsbury Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Kingsbury Corporation
Kingsbury Corporation (EIN: 221846785) is a nonprofit organization based in Trenton, NJ, classified under NTEE code L210. The organization reported total revenue of $5.6M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kingsbury Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kingsbury Corporation is a mid-size nonprofit that has been operating for 32 years, with 9 years of IRS 990 filings on record (2013–2021). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$674K |
| Total Assets | $8.3M |
| Total Liabilities | $7.4M |
| Net Assets | $863K |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 89.6% |
| Months of Reserves | 20.2 months |
Financial Health Grade: A
In 2021, Kingsbury Corporation reported a surplus of $674K with revenue exceeding expenses, holds 20.2 months of operating reserves (strong position), has a debt-to-asset ratio of 89.6% (high leverage).
Financial Trends
Over 9 years of filings (2013–2021), Kingsbury Corporation's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +8.0% | -11.9% | +9.1% |
| 2020 | +12.5% | +5.2% | +8.7% |
| 2019 | -5.0% | -3.2% | -0.3% |
| 2018 | -11.8% | -5.4% | -3.3% |
| 2017 | -7.0% | +0.3% | -4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kingsbury Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Kingsbury Corporation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $674K, with revenue exceeding expenses.
- Debt-to-asset ratio: 89.6%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific data from filings, as the provided data does not include this information.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kingsbury Corporation's IRS 990 filings:
- Liabilities consistently exceed assets in recent years (e.g., 2021: assets $8,309,783 vs. liabilities $7,446,334), indicating a high debt burden.
- Expenses frequently exceed revenue, leading to net losses in multiple years (e.g., 2021: revenue $5,602,951 vs. expenses $4,929,331; 2020: revenue $5,186,419 vs. expenses $5,595,380).
- The organization's 'c0%' in filings suggests no cash, which is unusual and requires further investigation.
Strengths
The following positive indicators were identified for Kingsbury Corporation:
- Consistent revenue generation over several years, demonstrating operational stability.
- Maintained asset base, albeit with high liabilities, suggesting some underlying value.
- Long operational history (data back to 2014) indicates established presence.
Frequently Asked Questions about Kingsbury Corporation
Is Kingsbury Corporation a legitimate charity?
Kingsbury Corporation (EIN: 221846785) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 9 years of IRS 990 filings on record. Total revenue: $5.6M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Kingsbury Corporation spend its money?
Kingsbury Corporation directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Kingsbury Corporation tax-deductible?
Kingsbury Corporation is registered as a tax-exempt nonprofit (EIN: 221846785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kingsbury Corporation's spending goes to programs?
Kingsbury Corporation directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Kingsbury Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Kingsbury Corporation is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kingsbury Corporation located?
Kingsbury Corporation is headquartered in Trenton, New Jersey and files with the IRS under EIN 221846785. It is classified under NTEE code L210.
How many years of IRS 990 filings does Kingsbury Corporation have?
Kingsbury Corporation has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.6M in total revenue.
What does Kingsbury Corporation do?
Kingsbury Corporation is a nonprofit organization in the Housing & Shelter sector, located in Trenton, New Jersey. It is classified under NTEE code L210.
How much revenue does Kingsbury Corporation have?
Kingsbury Corporation reported total revenue of $5,602,951. Based on 9 IRS 990 filings on record.
What are Kingsbury Corporation's total assets?
Kingsbury Corporation holds total assets of $8,309,783 as reported in IRS 990 filings.
Where is Kingsbury Corporation located?
Kingsbury Corporation is based in Trenton, New Jersey.
What is Kingsbury Corporation's EIN?
Kingsbury Corporation's Employer Identification Number (EIN) is 221846785. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Kingsbury Corporation?
Kingsbury Corporation is classified under NTEE code L210 (Housing & Shelter).
Is Kingsbury Corporation a registered 501(c)(3)?
Yes, Kingsbury Corporation is recognized as a tax-exempt organization by the IRS. EIN: 221846785.
Does Kingsbury Corporation file IRS Form 990?
Yes, Kingsbury Corporation has 9 IRS Form 990 filings on record. The most recent covers tax period 202112.
What was Kingsbury Corporation's revenue in 2021?
In the 202112 filing period, Kingsbury Corporation reported total revenue of $5,602,951, total expenses of $4,929,331, and net assets of $8,309,783.
Is Kingsbury Corporation's revenue growing or declining?
Kingsbury Corporation's revenue is growing. Revenue went from $5,186,419 (202012) to $5,602,951 (202112), a +8.0% change. Based on 9 filings on record.
What is Kingsbury Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Kingsbury Corporation covers tax period 202112. It shows revenue of $5,602,951, expenses of $4,929,331, total assets of $8,309,783, and liabilities of $7,446,334.
How much does Kingsbury Corporation spend on programs vs administration?
Based on IRS 990 analysis, Kingsbury Corporation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Kingsbury Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Kingsbury Corporation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Kingsbury Corporation?
The following concerns were identified: Liabilities consistently exceed assets in recent years (e.g., 2021: assets $8,309,783 vs. liabilities $7,446,334), indicating a high debt burden.. Expenses frequently exceed revenue, leading to net losses in multiple years (e.g., 2021: revenue $5,602,951 vs. expenses $4,929,331; 2020: revenue $5,186,419 vs. expenses $5,595,380).. The organization's 'c0%' in filings suggests no cash, which is unusual and requires further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Kingsbury Corporation's strengths?
Positive indicators for Kingsbury Corporation include: Consistent revenue generation over several years, demonstrating operational stability.. Maintained asset base, albeit with high liabilities, suggesting some underlying value.. Long operational history (data back to 2014) indicates established presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Kingsbury Corporation compensate executives?
Executive compensation cannot be assessed without specific data from filings, as the provided data does not include this information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' in all financial filings, what is the organization's actual cash position and how does it manage liquidity?
The 'c0%' for cash in all provided filings is highly unusual and suggests either a unique accounting practice, a lack of liquid assets, or an error in data representation. Without further clarification, it raises significant concerns about the organization's ability to meet short-term obligations and manage day-to-day operations.
How does Kingsbury Corporation plan to address its persistent high liabilities relative to assets, and what strategies are in place to improve its financial solvency?
The consistent trend of high liabilities (e.g., $7,446,334 in 2021) compared to assets ($8,309,783 in 2021) indicates a significant reliance on debt or other obligations. A detailed plan for debt reduction, asset growth, or improved financial management is crucial for long-term sustainability.
Filing History
IRS 990 filing history for Kingsbury Corporation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2013–2021), Kingsbury Corporation's revenue has declined by 10.5%, moving from $6.3M to $5.6M. Total assets decreased by 12.4% over the same period, from $9.5M to $8.3M. Total functional expenses fell by 6.9%, from $5.3M to $4.9M. In its most recent filing year (2021), Kingsbury Corporation reported a surplus of $674K, with revenue exceeding expenses. The organization holds $7.4M in liabilities against $8.3M in assets (debt-to-asset ratio: 89.6%), resulting in net assets of $863K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $5.6M | $4.9M | $8.3M | $7.4M | — | — |
| 2020 | $5.2M | $5.6M | $7.6M | $7.4M | — | — |
| 2019 | $4.6M | $5.3M | $7.0M | $6.4M | — | View 990 |
| 2018 | $4.9M | $5.5M | $7.0M | $5.7M | — | View 990 |
| 2017 | $5.5M | $5.8M | $7.3M | $5.3M | — | View 990 |
| 2016 | $5.9M | $5.8M | $7.6M | $5.4M | — | View 990 |
| 2015 | $5.5M | $5.9M | $8.3M | $6.2M | — | View 990 |
| 2014 | $6.2M | $5.6M | $9.6M | $7.0M | — | View 990 |
| 2013 | $6.3M | $5.3M | $9.5M | $7.5M | — | — |
Year-by-Year Financial Summary
- 2021: Revenue of $5.6M, expenses of $4.9M, and assets of $8.3M (revenue +8.0% year-over-year).
- 2020: Revenue of $5.2M, expenses of $5.6M, and assets of $7.6M (revenue +12.5% year-over-year).
- 2019: Revenue of $4.6M, expenses of $5.3M, and assets of $7.0M (revenue -5.0% year-over-year).
- 2018: Revenue of $4.9M, expenses of $5.5M, and assets of $7.0M (revenue -11.8% year-over-year).
- 2017: Revenue of $5.5M, expenses of $5.8M, and assets of $7.3M (revenue -7.0% year-over-year).
- 2016: Revenue of $5.9M, expenses of $5.8M, and assets of $7.6M (revenue +8.3% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.9M, and assets of $8.3M (revenue -11.8% year-over-year).
- 2014: Revenue of $6.2M, expenses of $5.6M, and assets of $9.6M (revenue -1.1% year-over-year).
- 2013: Revenue of $6.3M, expenses of $5.3M, and assets of $9.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kingsbury Corporation:
Data Sources and Methodology
This transparency report for Kingsbury Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.