Jim and Margaret Krum Foundation Inc

Analysis

Jim and Margaret Krum Foundation Inc is a registered charity in United States, based in Hilton Head Island, SC. It received its IRS tax-exemption ruling in October 2010, 16 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jim and Margaret Krum Foundation Inc reported income of $84k and spending of $499k, spending 593% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $202k to $84k (-58%), an average of -25% a year. The sharpest change came in the year to June 2021, when income rose by 1464%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jim and Margaret Krum Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 38th percentile within SC. Charities of a similar size with the same main cause include Intervalien Foundation ($84k), Wscga Junior Golf Foundation ($84k) and Lassiter High School Orchestra Association Inc ($84k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% of the total. At year end it held assets of $11.3m against liabilities of $402k, net assets of $10.9m.