Khalsa Family Services

Analysis

Khalsa Family Services is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Khalsa Family Services reported income of $4.1m and spending of $3.4m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.1m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Khalsa Family Services sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Legacy Christian School ($4.1m), The Orthopaedic Learning Center ($4.1m) and Putnam-Indian Field School Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $117k (3.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.2m against liabilities of $2.9m, net assets of $2.3m. It reported 102 employees.