Kramden Institute Inc

Analysis

Kramden Institute Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kramden Institute Inc reported income of $2.2m and spending of $2.6m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.2m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kramden Institute Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Alexandria House ($2.2m), Chosen Care Inc ($2.2m) and Young Womens Christian Association of Winston-Salem & Forsyth County ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $107k (4.2% of expenses). Other salaries and wages came to $971k. At year end it held assets of $4.4m against liabilities of $1.5m, net assets of $2.9m. It reported 38 employees.