Kappa Community Development Foundation Inc

Analysis

Kappa Community Development Foundation Inc is a registered charity in United States, based in College Park, MD. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Kappa Community Development Foundation Inc reported income of $60k and spending of $12k, leaving 80% of income unspent that year. Across the 4 years on record, from September 2018 to September 2022, income fell from $60k to $60k (-0.9%), an average of -0.3% a year. The sharpest change came in the year to September 2022, when income rose by 1524%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kappa Community Development Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within MD. Charities of a similar size with the same main cause include National Charity League Inc Texas Roses Chapter ($60k), Cessna United Friendship Fund of Independence Inc ($60k) and Pathfinder Foundation Inc ($60k).

On its Form 990-EZ for the period ending September 2022, revenue came from contributions and grants 79% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.