Kinetix Global Development Corporation

Analysis

Kinetix Global Development Corporation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 May 2023, Kinetix Global Development Corporation reported income of $1.2m and spending of $1.1m, spending 87% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $559k to $1.2m (+121%), an average of +30% a year. The sharpest change came in the year to May 2023, when income rose by 79%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Kinetix Global Development Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NM. Charities of a similar size with the same main cause include African Road Inc ($1.2m), Abandoned Childrens Fund ($1.2m) and Children of the Promise ($1.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $810k. At year end it held assets of $396k against liabilities of $2,599, net assets of $394k. It reported 17 employees.