Jeff C Kwok and Gladys W Kwok Fam Foundatioin

Analysis

Jeff C Kwok and Gladys W Kwok Fam Foundatioin is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in August 2002, 24 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 December 2023, Jeff C Kwok and Gladys W Kwok Fam Foundatioin reported income of $397k and spending of $455k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $502k to $397k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income rose by 284%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jeff C Kwok and Gladys W Kwok Fam Foundatioin sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Georgia Legislative Black Caucus Inc ($397k), Ball Charities Inc ($397k) and Givio Charitable Foundation ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.