Kernels Foundation

Analysis

Kernels Foundation is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 October 2023, Kernels Foundation reported income of $62k and spending of $49k, leaving 22% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $52k to $62k (+20%), an average of +4.6% a year. The sharpest change came in the year to October 2021, when income rose by 100%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kernels Foundation sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within IA. Charities of a similar size with the same main cause include Ethan Miller Song Foundation Inc ($62k), Paul Davis Charitable Fund Inc ($62k) and Evan R Hansen Legacy Foundation ($62k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 18% and program service revenue 19% of the total. At year end it held assets of $141k against liabilities of $90k, net assets of $51k.