KGM Support Corporation

Analysis

KGM Support Corporation is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, KGM Support Corporation reported income of $83k and spending of $446k, spending 540% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $43k to $83k (+90%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 374% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, KGM Support Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Minis Terios de Restauracion Torre Fuerte ($83k), Hands of God Missions Inc ($83k) and St James Fellowship ($83k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.8m against liabilities of $11.4m, net assets of -$669k.

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.