Kansas Newspaper Foundation

Analysis

Kansas Newspaper Foundation is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Newspaper Foundation reported income of $70k and spending of $130k, spending 185% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $233k to $70k (-70%), an average of -26% a year. The sharpest change came in the year to December 2023, when income rose by 314%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kansas Newspaper Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within KS. Charities of a similar size with the same main cause include Monroe County Family Coalition Inc ($70k), Hazelton Development Corporation ($70k) and Mount Desert Island Lions Charities Inc ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $1.0m against liabilities of $131k, net assets of $887k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.