KBR Charitable Foundation Inc

Analysis

KBR Charitable Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, KBR Charitable Foundation Inc reported income of $1.2m and spending of $693k, leaving 41% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $654k to $1.2m (+78%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, KBR Charitable Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include United Way of Monroe-Lenawee Counties Inc ($1.2m), Jamie & Denise Jacob Family Foundation ($1.2m) and National Christian Charitable Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.