Kelcurt Foundation

Analysis

Kelcurt Foundation is a registered charity in United States, based in Soddy Daisy, TN. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Kelcurt Foundation reported income of $126k and spending of $116k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $126k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kelcurt Foundation sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include Kansas Narcotic Officers Association ($126k), Alpha Beta Lambda Chapter Education Foundation Inc ($127k) and RX Research Services Foundation ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 111% of the total. At year end it held assets of $54k against liabilities of $10k, net assets of $43k.