K-Love & Air1 Foundation

Analysis

K-Love & Air1 Foundation is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, K-Love & Air1 Foundation reported income of $1.4m and spending of $1.9m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $1.4m (+595%), an average of +62% a year. The sharpest change came in the year to December 2020, when income rose by 255%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, K-Love & Air1 Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Kradwell School Inc ($1.4m), Central Virginia Regional Library ($1.4m) and Mariposa Montessori School ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $897k. At year end it held assets of $1.5m against liabilities of $527k, net assets of $1.0m. It reported 8 employees.