Kappa Foundation of Charlotte Inc

Analysis

Kappa Foundation of Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Kappa Foundation of Charlotte Inc reported income of $465k and spending of $476k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $465k (+122%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 386%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kappa Foundation of Charlotte Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Sunrise Beach School ($465k), Al J Condit PTO ($465k) and Olney Community Library ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $894k against liabilities of $0, net assets of $894k.