KVC Foundation Inc

Analysis

KVC Foundation Inc is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, KVC Foundation Inc reported income of $6.2m and spending of $3.6m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $6.2m (+154%), an average of +26% a year. The sharpest change came in the year to June 2020, when income rose by 66%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, KVC Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KS. Charities of a similar size with the same main cause include Citizens United for Research in Epilepsy ($6.2m), Grossmont Hospital Foundation ($6.2m) and Grace Medical Home Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $163k (4.5% of expenses). Other salaries and wages came to $736k. At year end it held assets of $30.8m against liabilities of $6.8m, net assets of $24.0m. It reported 26 employees.