Kgnb-Knbt Foundation Inc

Analysis

Kgnb-Knbt Foundation Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in November 2003, 23 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 (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, Kgnb-Knbt Foundation Inc reported income of $145k and spending of $93k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $145k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kgnb-Knbt Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Shelbyville High School Band Booster ($145k), Nautilus Music Theater ($145k) and Grand Forks County Historical Society ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.