Kfact

Analysis

Kfact is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in April 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Kfact reported income of $407k and spending of $411k, spending 101% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $245k to $407k (+66%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 129%. Over the whole period it spent 109% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Kfact sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Deep South Little Britches Rodeo Association ($407k), DJS Training Facility Inc ($407k) and Seatac BMX ($407k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $143k. At year end it held assets of $47k against liabilities of $33k, net assets of $13k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.