KB Cares Ltd

Analysis

KB Cares Ltd is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in January 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, KB Cares Ltd reported income of $146k and spending of $101k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2021 to December 2023, income grew from $127k to $146k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 62% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, KB Cares Ltd sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within GA. Charities of a similar size with the same main cause include Back to Basics Girls Inc ($146k), Youth & Families Determined to Succeed ($146k) and Junior Guides Raft Camp ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. At year end it held assets of $137k against liabilities of $599, net assets of $136k.