Kanbes Markets

Analysis

Kanbes Markets is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Kanbes Markets reported income of $3.8m and spending of $2.7m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $438k to $3.8m (+762%), an average of +71% a year. The sharpest change came in the year to December 2020, when income rose by 303%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kanbes Markets sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MO. Charities of a similar size with the same main cause include Feeding Americas Hungry Children ($3.8m), Catholic Charities of the Diocese of Green Bay Inc ($3.8m) and Urban Neighborhood Initiatives Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $105k (3.9% of expenses). Other salaries and wages came to $744k. At year end it held assets of $2.2m against liabilities of $504k, net assets of $1.7m. It reported 28 employees.