Kanes Gift Inc

Analysis

Kanes Gift Inc is a registered charity in United States, based in Milan, TN. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Kanes Gift Inc reported income of $147k and spending of $117k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $111k to $147k (+32%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 64% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Kanes Gift Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include Our Ark ($147k), Salisbury Youth Association ($147k) and Rain Unlimited Inc ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $24k. At year end it held assets of $181k against liabilities of $48k, net assets of $134k. It reported 1 employees.