Key Concepts Inc

Analysis

Key Concepts Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Key Concepts Inc reported income of $507k and spending of $510k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $529k to $507k (-4.1%), an average of -1.0% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Key Concepts Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Manufactoring Alliance Service Corporation Inc ($507k), Meals on Wheels of Salem County Inc ($507k) and Faith 7 Activity Center Inc ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $235k. At year end it held assets of $353k against liabilities of $2,910, net assets of $350k. It reported 5 employees.