MK Youth Foundation

Analysis

MK Youth Foundation is a registered charity in United States, based in Lenexa, KS. It received its IRS tax-exemption ruling in November 2019, 7 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, MK Youth Foundation reported income of $1.0m and spending of $1.3m, spending 129% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $485k to $1.0m (+110%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MK Youth Foundation 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 79th percentile, and in the 80th percentile within KS. Charities of a similar size with the same main cause include The Neighborhood School ($1.0m), Communities in Schools of Northwest Michigan ($1.0m) and Homeless Prevention Center ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $136k (10% of expenses). Other salaries and wages came to $6,192. At year end it held assets of $2.2m against liabilities of $2.3m, net assets of -$66k. It reported 2 employees.