Kerusso Foundation Inc

Analysis

Kerusso Foundation Inc is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Kerusso Foundation Inc reported income of $65k and spending of $60k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $65k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kerusso 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 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Designertruth Ministry Center Inc ($65k), Laborers Together International Inc ($65k) and Realm Ministries Incorporated ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,645 against liabilities of $0, net assets of $5,645.