KB Charitable TR

Analysis

KB Charitable TR is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in May 2001, 25 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 (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 2022, KB Charitable TR reported income of $125k and spending of $211k, spending 169% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $289k to $125k (-57%), an average of -57% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, KB Charitable TR sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 48th percentile within SC. Charities of a similar size with the same main cause include Claiborne Electric Cooperative Pera ($125k), Birdseed Inc ($125k) and Wood County Electric Charitable Foundation ($125k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 79% of the total. At year end it held assets of $200k against liabilities of $23k, net assets of $178k.