Kelly Foundation Incorporated

Analysis

Kelly Foundation Incorporated is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in June 1979, 47 years ago. 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 December 2023, Kelly Foundation Incorporated reported income of $122k and spending of $175k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $180k to $122k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kelly Foundation Incorporated sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within AR. Charities of a similar size with the same main cause include 4-H Clubs of York County Inc ($122k), Public Risk Management Association-Colorado Chapter Inc ($122k) and Indianola Christian Union Church ($122k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $303k against liabilities of $257k, net assets of $46k.