KL Training Solutions

Analysis

KL Training Solutions is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, KL Training Solutions reported income of $635k and spending of $556k, spending 88% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $210k to $635k (+202%), an average of +74% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, KL Training Solutions sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Mustang Club ($634k), Jack the Bike Man Inc ($635k) and Leaf Project Inc ($634k).

Compensation of current officers, directors and key employees was $64k (12% of expenses). At year end it held assets of $78k against liabilities of $0, net assets of $78k.