Kwek Society Corp

Analysis

Kwek Society Corp is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Kwek Society Corp reported income of $330k and spending of $214k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $190k to $330k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kwek Society Corp sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Kona Coffee Cultural Festival ($330k), Exchange Club Fair of Southwest Georgia Inc ($330k) and Marine Thrift Shop ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $246k against liabilities of $0, net assets of $246k.