Kalmar Nyckel Foundation

Analysis

Kalmar Nyckel Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 1959, 67 years ago. 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 October 2023, Kalmar Nyckel Foundation reported income of $1.5m and spending of $1.8m, spending 117% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.2m to $1.5m (+23%), an average of +5.3% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kalmar Nyckel Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within DE. Charities of a similar size with the same main cause include The Hyland Hills Junior Hockey Association ($1.5m), Military Historical Society of Minnesota Inc ($1.5m) and Ochiltree United Way ($1.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 50% and program service revenue 25% of the total. Other salaries and wages came to $672k. At year end it held assets of $9.0m against liabilities of $3.7m, net assets of $5.3m. It reported 32 employees.

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.