Kansas Council on Economic Education

Analysis

Kansas Council on Economic Education is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in May 1963, 63 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 June 2023, Kansas Council on Economic Education reported income of $249k and spending of $248k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $294k to $249k (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kansas Council on Economic Education sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KS. Charities of a similar size with the same main cause include Eta Creative Arts Foundation ($249k), Annapolis Group of Liberal Arts Colleges Inc ($249k) and Nueva Vision Community School ($249k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $100k (40% of expenses). At year end it held assets of $24k against liabilities of $464k, net assets of -$440k.