Krell Institute Inc

Analysis

Krell Institute Inc is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2024, Krell Institute Inc reported income of $18.9m and spending of $18.9m, spending 100% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $11.6m to $18.9m (+63%), an average of +10% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Krell Institute Inc 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 97th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Marshall University Real Estate Foundation Inc ($18.9m), Syracuse Arts Academy Inc ($18.9m) and The Bloomsburg University Foundation Inc ($18.9m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $872k (4.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.8m against liabilities of $2.0m, net assets of $841k. It reported 27 employees.