Kapex Incorporated

Analysis

Kapex Incorporated is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Kapex Incorporated reported income of $60k and spending of $87k, spending 145% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $191k to $60k (-69%), an average of -69% a year. The sharpest change came in the year to June 2024, when income dropped by 69%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kapex Incorporated sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Women of Color Automotive Network Inc ($60k), Ronnie G Brogdon Achievement Scholarship ($60k) and Oxford Music Boosters ($60k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.