Bay Area K Group

Analysis

Bay Area K Group is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover science and technology, 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 December 2023, Bay Area K Group reported income of $91k and spending of $90k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $91k (+4.5%), an average of +4.5% a year. 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, Bay Area K Group sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Ojai Pottery and Clay School ($91k), Picco Music Academy Inc ($91k) and Sivan Fine Arts Academy Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.