Kcucares Foundation

Analysis

Kcucares Foundation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Kcucares Foundation reported income of $257k and spending of $299k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $193k to $257k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kcucares Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Friends of the Halstead Inc ($257k), Knoxville Museum of Art Foundation ($257k) and Laredo Center for the Arts Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.