Keystone Initiative for Network Based Education & Research

Analysis

Keystone Initiative for Network Based Education & Research is a registered charity in United States, based in Lititz, PA. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 June 2023, Keystone Initiative for Network Based Education & Research reported income of $2.0m and spending of $2.7m, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.2m to $2.0m (-67%), an average of -24% a year. The sharpest change came in the year to June 2022, when income dropped by 785%. Over the whole period it spent -193% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Keystone Initiative for Network Based Education & Research sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include National Hispanic Institute Inc ($2.0m), Whidbey Island Waldorf School ($2.0m) and Lake Michigan Air Director Corsortium ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $307k (11% of expenses). Other salaries and wages came to $203k. At year end it held assets of $25.5m against liabilities of $234k, net assets of $25.3m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.