The Kalo Foundation of Park Ridge

Analysis

The Kalo Foundation of Park Ridge is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in March 2007, 19 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 June 2024, The Kalo Foundation of Park Ridge reported income of $154k and spending of $79k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $845k to $154k (-82%), an average of -35% a year. The sharpest change came in the year to June 2024, when income rose by 99%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Kalo Foundation of Park Ridge sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Jewel Box Children S Theater Company ($154k), Young Indian Culture Group Inc ($154k) and Key City Creative Center ($154k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 0.7% of the total. At year end it held assets of $1.8m against liabilities of $169, net assets of $1.8m.