Kasbp Inc

Analysis

Kasbp Inc is a registered charity in United States, based in Fort Lee, NJ. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Kasbp Inc reported income of $489k and spending of $538k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $189k to $489k (+159%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 77%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kasbp Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Belmont Shore Rugby Football Club ($489k), Friends of Big Marsh ($489k) and Wasatch Mountain Amateur Hockey Association ($489k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $319k against liabilities of $0, net assets of $319k.