KC Common Good Inc

Analysis

KC Common Good Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover employment, 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, KC Common Good Inc reported income of $926k and spending of $941k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $627k to $926k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 216%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, KC Common Good Inc 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 78th percentile, and in the 76th percentile within MO. Charities of a similar size with the same main cause include Olean Business Development Corporation ($925k), Healing House Inc ($926k) and Big River Economic and Agricultural Development Alliance ($925k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $129k (14% of expenses). Other salaries and wages came to $260k. At year end it held assets of $731k against liabilities of $249k, net assets of $482k. It reported 5 employees.