Kandu Industries Inc

Analysis

Kandu Industries Inc is a registered charity in United States, based in Milton, WI. It received its IRS tax-exemption ruling in June 1965, 61 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Kandu Industries Inc reported income of $4.2m and spending of $3.1m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $4.2m (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kandu Industries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Women Venture ($4.2m), Florida Classic Consortium Corporation ($4.2m) and Crowder Industries Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $70k (2.2% of expenses). Other salaries and wages came to $1.7m. It paid $2,835 in professional fundraising fees. At year end it held assets of $13.6m against liabilities of $6.5m, net assets of $7.1m. It reported 252 employees.