KLCS Education Foundation

Analysis

KLCS Education Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2015, 11 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 2023, KLCS Education Foundation reported income of $366k and spending of $101k, leaving 72% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $460k to $366k (-20%), an average of -7.3% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 18% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, KLCS Education Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Ricochet Productions Incorporated ($366k), New Light Theater Project Inc ($367k) and H B Playwrights Foundation Inc ($366k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.9m against liabilities of $10k, net assets of $1.9m.