Key Center Foundation Inc

Analysis

Key Center Foundation Inc is a registered charity in United States, based in Lecanto, FL. It received its IRS tax-exemption ruling in December 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Key Center Foundation Inc reported income of $3.0m and spending of $2.5m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.0m (+27%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Key Center Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Central Point Preparatory Academy ($3.0m), Anchorage Montessori School ($3.0m) and Palestine Gardens Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.1m against liabilities of $529k, net assets of $1.6m. It reported 7 employees.