KPMG U S Foundation Inc

Analysis

KPMG U S Foundation Inc is a registered charity in United States, based in Montvale, NJ. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2023, KPMG U S Foundation Inc reported income of $26.7m and spending of $29.2m, spending 109% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income grew from $14.3m to $26.7m (+87%), an average of +13% a year. The sharpest change came in the year to September 2020, when income rose by 2256%. Over the whole period it spent 99% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, KPMG U S Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Muslim Aid America ($26.2m), National Registry of Emergency Medical Technicians ($27.9m) and Harris County Emergency Corps ($25.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $13.6m against liabilities of $10.2m, net assets of $3.3m.