Kci Charities Inc

Analysis

Kci Charities Inc is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in February 1941, 85 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kci Charities Inc reported income of $170k and spending of $301k, spending 178% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $205k to $170k (-17%), an average of -3.7% a year. The sharpest change came in the year to December 2019, when income rose by 192%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kci Charities Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 43rd percentile within ME. Charities of a similar size with the same main cause include Mission Main Tenants Task Force Incorporated ($170k), Valdosta Junior Service League Inc ($170k) and Myasthenia Gravis Foundation of Illinois Inc ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% of the total. At year end it held assets of $5.6m against liabilities of $0, net assets of $5.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.