K2 Escape

Analysis

K2 Escape is a registered charity in United States, based in Brandon, FL. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, K2 Escape reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $734k to $1.7m (+132%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, K2 Escape sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Beacon-Independent Living Services ($1.7m), Emergency Management Accreditation Program Inc ($1.7m) and Casa of Placer Yuba Sutter ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $192k (13% of expenses). Other salaries and wages came to $685k. At year end it held assets of $1.4m against liabilities of $630k, net assets of $802k. It reported 37 employees.