Great Khalid Foundation Inc

Analysis

Great Khalid Foundation Inc is a registered charity in United States, based in East Point, GA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Great Khalid Foundation Inc reported income of $265k and spending of $215k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $398k to $265k (-33%), an average of -9.7% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. 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, Great Khalid Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within GA. Charities of a similar size with the same main cause include Millvale Library ($265k), University Oaks Preschool Inc ($265k) and Bilingual Children Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $74k. At year end it held assets of $60k against liabilities of $3,665, net assets of $57k. It reported 3 employees.