KD Entertainment

Analysis

KD Entertainment is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 October 2023, KD Entertainment reported income of $90k and spending of $92k, spending 102% of its income. Across the 2 years on record, from December 2022 to October 2023, income grew from $54k to $90k (+66%), an average of +66% a year. The sharpest change came in the year to October 2023, when income rose by 66%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, KD Entertainment sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include New Chamber Ballet Inc ($90k), Hellenic Museum of Michigan ($90k) and Peacepathways ($90k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. At year end it held assets of $3,305 against liabilities of $0, net assets of $3,305.