Kpsna Charitable Foundation Inc

Analysis

Kpsna Charitable Foundation Inc is a registered charity in United States, based in Waxhaw, NC. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kpsna Charitable Foundation Inc reported income of $506k and spending of $638k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $432k to $506k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kpsna Charitable Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Kauai Marathon ($506k), National Christian Charitable Foundation Inc ($506k) and Ruritan National Foundation Incorporated ($506k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $674k against liabilities of $17k, net assets of $657k.