Kinfolk Tech Foundation

Analysis

Kinfolk Tech Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kinfolk Tech Foundation reported income of $1.0m and spending of $1.7m, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $495k to $1.0m (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 1087%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kinfolk Tech Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include San Angelo Stock Show & Rodeo Foundation ($1.0m), North Carolina Early Childhood Foundation Inc ($1.0m) and Quilt Inc ($1.0m).

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 $410k (24% of expenses). Other salaries and wages came to $344k. At year end it held assets of $175k against liabilities of $20k, net assets of $155k. It reported 8 employees.