Kindling Group NFP

Analysis

Kindling Group NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Kindling Group NFP reported income of $387k and spending of $1.1m, spending 285% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $387k (-78%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kindling Group NFP sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include South Asia Institute ($387k), Childrens Museum of St Tammany Inc ($387k) and Iam Music Inc ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $88k (8.0% of expenses). Other salaries and wages came to $60k. At year end it held assets of $297k against liabilities of $372k, net assets of -$75k. It reported 4 employees.