Kraddick Foundation

Analysis

Kraddick Foundation is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in October 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, Kraddick Foundation reported income of $708k and spending of $1.2m, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $708k (-62%), an average of -21% a year. The sharpest change came in the year to December 2023, when income rose by 199%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kraddick Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Hope Ignites Detroit ($708k), The Wyoming Amateur Wrestling Association ($708k) and Little League Baseball Inc ($708k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $12k (1.0% of expenses). At year end it held assets of $5.0m against liabilities of $67k, net assets of $4.9m. It reported 1 employees.