Kinetik Cares Foundation

Analysis

Kinetik Cares Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2022, 4 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 December 2023, Kinetik Cares Foundation reported income of $232k and spending of $199k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $68k to $232k (+240%), an average of +84% a year. The sharpest change came in the year to December 2022, when income rose by 212%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kinetik Cares Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Thomas White Jr Foundation Inc ($232k), Salem Public Library Foundation ($232k) and Little League Baseball Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.