Kisco Foundation Inc

Analysis

Kisco Foundation Inc is a registered charity in United States, based in Armonk, NY. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Kisco Foundation Inc reported income of $1.1m and spending of $2.0m, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kisco Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Masonic Education and Charity Trust ($1.1m), Grant County Economic Growth Council Inc ($1.1m) and Smithfield Va Events ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Other salaries and wages came to $84k. At year end it held assets of $18.5m against liabilities of $0, net assets of $18.5m. It reported 2 employees.