K-Connect

Analysis

K-Connect is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, K-Connect reported income of $762k and spending of $1.1m, spending 142% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $865k to $762k (-12%), an average of -3.1% a year. The sharpest change came in the year to September 2022, when income dropped by 52%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, K-Connect sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include International Association for Chinese Management Research ($762k), Angels at Play Pre School & Kindergarten ($762k) and Hawkins Project ($761k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (8.9% of expenses). Other salaries and wages came to $394k. At year end it held assets of $1.1m against liabilities of $142k, net assets of $979k. It reported 7 employees.