Kbare

Analysis

Kbare is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kbare reported income of $5.4m and spending of $4.3m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $5.4m (+349%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 143%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kbare sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Palmetto Charter School Inc ($5.4m), Heartland Workforce Solutions Inc ($5.4m) and Three Points Academy Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 80% of the total. At year end it held assets of $108.6m against liabilities of $106.2m, net assets of $2.4m.