Konbit NFP

Analysis

Konbit NFP is a registered charity in United States, based in Granite City, IL. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Konbit NFP reported income of $179k and spending of $220k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $269k to $179k (-33%), an average of -9.7% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Konbit NFP sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Jackson County Senior Center Inc ($179k), Florida State Foster Adoptive Parent Association Inc ($179k) and Helen AFC Homes Inc ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (34% of expenses). At year end it held assets of $65k against liabilities of $0, net assets of $65k.