Friends of the Kardelen Foundation

Analysis

Friends of the Kardelen Foundation is a registered charity in United States, based in Moorpark, CA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of the Kardelen Foundation reported income of $184k and spending of $202k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $184k (+119%), an average of +119% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Kardelen Foundation 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 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Tim Kerr Charities Inc ($184k), The Clarence Demar Marathon Inc ($184k) and Men of Distinction of Greater Houston Inc ($184k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.