Kool April Nites Inc

Analysis

Kool April Nites Inc is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in October 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Kool April Nites Inc reported income of $255k and spending of $203k, leaving 20% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income grew from $164k to $255k (+55%), an average of +55% a year. The sharpest change came in the year to July 2023, when income rose by 55%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kool April Nites Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Pike County Progress Partners Inc ($255k), Lloyd Ecodistrict ($255k) and Revolution Institute ($255k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $311k against liabilities of $0, net assets of $311k.