Ksheinc

Analysis

Ksheinc is a registered charity in United States, based in Leander, TX. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Ksheinc reported income of $395k and spending of $326k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $395k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ksheinc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Capital Region Family Businesscenter ($395k), American Herbalists Guild ($395k) and New Hope Resource Center ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 89% of the total. At year end it held assets of $330k against liabilities of $47k, net assets of $283k.