Konchok Foundation

Analysis

Konchok Foundation is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Konchok Foundation reported income of $72k and spending of $77k, spending 106% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $482k to $72k (-85%), an average of -61% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Konchok Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within CO. Charities of a similar size with the same main cause include Cedar Hill Retreat Center Inc ($72k), Shiv Uma Ganesh Mandir ($72k) and Gospel Reach Foundation ($72k).

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 $56k against liabilities of $0, net assets of $56k.