The Kanakuk Institute

Analysis

The Kanakuk Institute is a registered charity in United States, based in Branson, MO. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Kanakuk Institute reported income of $3.5m and spending of $2.6m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.5m to $3.5m (+136%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 76%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Kanakuk Institute sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include St Lucie County Education Foundation Inc ($3.5m), Intelligent Transportation Society of America ($3.5m) and Humankind Ministries Wichita Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $452k (17% of expenses). Other salaries and wages came to $468k. At year end it held assets of $5.1m against liabilities of $3.3m, net assets of $1.8m. It reported 19 employees.