Kbe Charitable Foundation Inc

Analysis

Kbe Charitable Foundation Inc is a registered charity in United States, based in Farmington, CT. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kbe Charitable Foundation Inc reported income of $253k and spending of $127k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $253k (+401%), an average of +401% a year. The sharpest change came in the year to December 2023, when income rose by 401%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kbe Charitable Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include Ateret Avot ($253k), Edboost Education Corporation ($253k) and Massachusetts State Council Knights of Columbus Charitable Foundation ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $261k against liabilities of $3,713, net assets of $258k.