Friends of Kibbuse Inc

Analysis

Friends of Kibbuse Inc is a registered charity in United States, based in Grandville, MI. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Friends of Kibbuse Inc reported income of $161k and spending of $239k, spending 149% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $161k (+9.8%), an average of +9.8% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Kibbuse Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Butler Performing Arts Association ($161k), Derby Johnson Banks DJB Foundation ($161k) and Community Choice Foundation ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.