Kingsway Charities

The information on this page was last updated 5/11/2023. If you see errors or omissions, please email: [email protected]


The World Health Organization contends that at least 1.2 billion people globally are affected by "neglected tropical diseases, chronic disabling infections" caused by poverty, and weak health systems. This year alone nearly 1 million people will die from malaria, mostly children under five years old. Another 1.9 million will gradually waste away and perish because of intestinal parasites that could have been cured.

This work involves warehousing medications and medical supplies received from pharmaceutical donors and dispensing the donations to qualified medical teams serving the poor worldwide. While helping to meet the physical needs of these suffering populations, these medical teams also extend the healing love of Jesus Christ in all they do.

Contact information

Mailing address:
Kingsway Charities
1171 Commonwealth Avenue
Suite 101
Bristol, VA 24201


Phone: (276) 466-3014

Email: [email protected]

Organization details

EIN: 541668650

CEO/President: Mr. James Gregory

Chairman: Mary Ann Blessing

Board size: 14

Founder: Mr. John Gregory

Ruling year: 1993

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


The International ministry of Kingsway Charities freely provides medications and medical supplies to medical mission teams whose goal is to share the love of Jesus Christ by administering health care to those in need throughout the world.

Mission statement

Vision statement: A suffering world, transformed by God's provision

Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade


To understand our transparency grade, click here.

Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating19 of 10773 of 82
Fund acquisition rating59 of 10781 of 82
Resource allocation rating18 of 10782 of 82
Asset utilization rating162 of 107718 of 82

Financial ratios

Funding ratiosSector median20212020201920182011
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
Operating ratiosSector median20212020201920182011
Program expense ratio Program expense ratio =
Program services /
Total expenses
Spending ratio Spending ratio =
Total expenses /
Total revenue
Program output ratio Program output ratio =
Program services /
Total revenue
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
Investing ratiosSector median20212020201920182011
Total asset turnover Total asset turnover =
Total expenses /
Total assets
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
Liquidity ratiosSector median20212020201920182011
Current ratio Current ratio =
Total current assets /
Total current liabilities
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
Solvency ratiosSector median20212020201920182011
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
Debt ratio Debt ratio =
Debt /
Total assets
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses


Balance sheet
Receivables, inventories, prepaids$19,578,149$23,088,566$15,594,525$17,014,224$19,643,797
Short-term investments$1,614,116$1,556,700$4,752,386$214,037$6,565,895
Other current assets$0$0$0$0$0
Total current assets$21,505,542$25,686,134$21,748,348$22,027,329$27,610,273
Long-term investments$0$0$0$0$0
Fixed assets$1,233,959$1,287,547$1,336,838$1,358,226$1,775,039
Other long-term assets$0$0$0$0$0
Total long-term assets$1,233,959$1,287,547$1,336,838$1,358,226$1,775,039
Total assets$22,739,501$26,973,681$23,085,186$23,385,555$29,385,312
Payables and accrued expenses$1,681$2,872$45$0$892
Other current liabilities$0$0$0$0$0
Total current liabilities$1,681$2,872$45$0$892
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$5,039
Total long-term liabilities$0$0$0$0$5,039
Total liabilities$1,681$2,872$45$0$5,931
Net assets20212020201920182011
Without donor restrictions$22,737,820$26,970,809$23,085,141$23,385,555$29,379,381
With donor restrictions$0$0$0$0$0
Net assets$22,737,820$26,970,809$23,085,141$23,385,555$29,379,381
Revenues and expenses
Total contributions$62,975,537$125,688,914$128,306,233$47,450,478$180,731,821
Program service revenue$3,120$3,120$3,120$4,650$4,080
Membership dues$0$0$0$0$0
Investment income$130,893($389,243)$193,544($567,213)$116,882
Other revenue$271,624$236,012$388,741$307,514$163,452
Total other revenue$405,637($150,111)$585,405($255,049)$284,414
Total revenue$63,381,174$125,538,803$128,891,638$47,195,429$181,016,235
Program services$67,169,989$118,881,620$130,499,638$42,699,473$187,714,535
Management and general$501,591$521,939$501,152$488,927$389,751
Total expenses$67,671,580$119,411,118$131,018,518$43,229,162$188,218,716
Change in net assets20212020201920182011
Surplus (deficit)($4,290,406)$6,127,685($2,126,880)$3,966,267($7,202,481)
Other changes in net assets$0$0$0$0$0
Total change in net assets($4,290,406)$6,127,685($2,126,880)$3,966,267($7,202,481)


Compensation data for this ministry has not been collected.

Response from ministry

No response has been provided by this ministry.

The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/11/2023. To update the information below, please email: [email protected]


Kingsway Charities, has it's origin closely tied to the successful King Pharmaceuticals, Inc., a contract manufacturer of prescription brand name pharmaceuticals. King Pharmaceuticals, Inc. was founded in 1993 by the Gregory family. They in turn founded King Pharmaceuticals Benevolent Fund, also in 1994. King Pharmaceuticals, and more specifically the Gregory family has been very generous. One of their outlets for generosity has been with and through Kingsway Charities.

Program accomplishments

Since 1994, Kingsway Charities has provided medications and supplies to more than 11,000 mission teams serving in 145 countries.

Through Operation Eradication, Kingsway Charities has distributed 14 million pills (two pills annually to seven million patients) in an effort to eliminate intestinal parasite disease in developing countries.

Since 1995, Kingsway Charities has received and distributed over $3 billion worth of medicines and supplies around the globe.