KBTC Association

Analysis

KBTC Association is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, KBTC Association reported income of $1.2m and spending of $236k, leaving 80% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $414k to $1.2m (+187%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 91%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, KBTC Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Clark County Historical Society ($1.2m), Middleburg Film Festival ($1.2m) and Walden School ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. It paid $4,234 in professional fundraising fees. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.