Kansas Municipal Utilities Inc

Analysis

Kansas Municipal Utilities Inc is a registered charity in United States, based in McPherson, KS. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 December 2023, Kansas Municipal Utilities Inc reported income of $2.7m and spending of $2.8m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.7m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kansas Municipal Utilities Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KS. Charities of a similar size with the same main cause include Golden Rule Industries of Muskogee Inc ($2.7m), Drive Change Inc ($2.7m) and Jobs for Virginia Graduates Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $3.5m against liabilities of $2.7m, net assets of $828k. It reported 18 employees.