K-Life of Bartlesville Inc

Analysis

K-Life of Bartlesville Inc is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in June 1991, 35 years ago. 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 August 2023, K-Life of Bartlesville Inc reported income of $155k and spending of $193k, spending 125% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income fell from $306k to $155k (-49%), an average of -29% a year. The sharpest change came in the year to August 2022, when income dropped by 47%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, K-Life of Bartlesville Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within OK. Charities of a similar size with the same main cause include Jewish War Veterans of the United States of America Foundation ($155k), Science Engineering Fair of Houston ($155k) and Epilepsy Foundation of Georgia Inc ($155k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $61k. At year end it held assets of $1.9m against liabilities of $3,703, net assets of $1.9m. It reported 2 employees.