K-State Union Corporation

Analysis

K-State Union Corporation is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in October 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, K-State Union Corporation reported income of $5.5m and spending of $4.3m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.8m to $5.5m (+14%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, K-State Union Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KS. Charities of a similar size with the same main cause include Camden Prep Foundation Inc ($5.5m), Dharma Educational Institute ($5.5m) and Rock Springs Christian Academy Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $260k (6.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.2m against liabilities of $783k, net assets of $7.4m. It reported 169 employees.