KB Foundation

Analysis

KB Foundation is a registered charity in United States, based in KNG of Prussa, PA. It received its IRS tax-exemption ruling in June 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, KB Foundation reported income of $388k and spending of $300k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $388k (+113%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, KB Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Pennsylvania School Study Council Inc ($388k), Lucilles Loving Care Inc ($388k) and Carden Country School ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 5.4% of the total. Other salaries and wages came to $24k. At year end it held assets of $120k against liabilities of $5,631, net assets of $115k. It reported 1 employees.