Kauffman Fasttrac Inc

Analysis

Kauffman Fasttrac Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kauffman Fasttrac Inc reported income of $85k and spending of $263k, spending 310% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11k to $85k (+658%), an average of +66% a year. The sharpest change came in the year to December 2021, when income rose by 2077%. Over the whole period it spent 270% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kauffman Fasttrac Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MO. Charities of a similar size with the same main cause include J B H S Instrumental Music Association Booster Club Inc ($85k), Massachusetts Association for Applied Behavior Analysis Inc ($85k) and Cedar Hills Elementary Parent Teacher Organization ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. At year end it held assets of $298k against liabilities of $0, net assets of $298k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.