KHS Foundation Corp

Analysis

KHS Foundation Corp is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, KHS Foundation Corp reported income of $116k and spending of $85k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $116k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, KHS Foundation Corp 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 41st percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Haitian Sports Foundation ($116k), Crescenta Valley Glendale Softball Association ($116k) and Ipswich Youth Soccer Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $418, net assets of $32k.