K to College

Analysis

K to College is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, K to College reported income of $11.7m and spending of $12.8m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $11.7m (+229%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 193%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, K to College 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 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Fraser Ltd ($11.7m), YMCA of Southern Arizona ($11.7m) and Quality Group Homes Inc ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $169k (1.3% of expenses). Other salaries and wages came to $771k. At year end it held assets of $2.7m against liabilities of $1.5m, net assets of $1.2m. It reported 14 employees.