Kummer Institute Foundation

Analysis

Kummer Institute Foundation is a registered charity in United States, based in Rolla, MO. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kummer Institute Foundation reported income of $10.8m and spending of $47.9m, spending 445% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $314.3m to $10.8m (-97%), an average of -68% a year. The sharpest change came in the year to December 2022, when income rose by 237%. Over the whole period it spent 14% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kummer Institute Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MO. Charities of a similar size with the same main cause include Hyde School ($10.8m), Elgin Academy ($10.8m) and Ascte Foundation ($10.8m).

At year end it held assets of $382.8m against liabilities of $18.8m, net assets of $364.0m.