Konspicuous Foundation Inc

Analysis

Konspicuous Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Konspicuous Foundation Inc reported income of $188k and spending of $208k, spending 111% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $282k to $188k (-33%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Konspicuous Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include The People of Praise Vancouver Washington ($188k), Denver Sister Cities International Inc ($188k) and South Carolina Congress of Parents and Teachers ($188k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $83k (40% of expenses). It paid $11k in professional fundraising fees. At year end it held assets of $4,478 against liabilities of $65k, net assets of -$60k.