Keshet

Analysis

Keshet is a registered charity in United States, based in Northbrook, IL. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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 June 2023, Keshet reported income of $11.3m and spending of $11.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.1m to $11.3m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Keshet sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Triangle Inc ($11.3m), Hospice of Gaston County Inc ($11.3m) and Woodson Y M C a Inc ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $753k (6.8% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $18.0m against liabilities of $1.8m, net assets of $16.2m. It reported 364 employees.