Kansas Methodist Foundation Inc

Analysis

Kansas Methodist Foundation Inc is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in September 1964, 62 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Kansas Methodist Foundation Inc reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.8m (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kansas Methodist Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within KS. Charities of a similar size with the same main cause include Dhammakaya International Meditation Center ($1.8m), The Hap Foundation Inc ($1.8m) and Margarets Village ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $306k (18% of expenses). Other salaries and wages came to $38k. At year end it held assets of $75.0m against liabilities of $51.8m, net assets of $23.2m. It reported 5 employees.