Kapnick Fund Inc

Analysis

Kapnick Fund Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kapnick Fund Inc reported income of $329k and spending of $347k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $47k to $329k (+602%), an average of +63% a year. The sharpest change came in the year to June 2020, when income dropped by 233%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kapnick Fund Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Energy Cooperative Round-Up Foundation Inc ($329k), Bet Shemesh Educational Center Inc ($330k) and Henry and Louise Timken Foundation ($329k).

At year end it held assets of $6.3m against liabilities of $50k, net assets of $6.2m.