KVC Foundation Inc

Analysis

KVC Foundation Inc is a registered charity in United States, based in Medley, FL. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, KVC Foundation Inc reported income of $50k and spending of $9,006, leaving 82% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $50k to $50k (+0.0%), an average of +0.0% a year. Over the whole period it spent 11% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, KVC Foundation Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Polk Prosperity Campaign Inc ($50k), Embrace and Shift Inc ($50k) and Open Doors Family Services Inc ($50k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $110k against liabilities of $783, net assets of $109k.