KBK Foundation

Analysis

KBK Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, KBK Foundation reported income of $331k and spending of $237k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $99k to $331k (+235%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 153%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, KBK Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Elizabeths House ($331k), New Creation Home Ministries ($331k) and Delaware Multicultural and Civic Organization ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Other salaries and wages came to $114k. At year end it held assets of $191k against liabilities of $198k, net assets of -$7,752. It reported 5 employees.