K18n Foundation

Analysis

K18n Foundation is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in May 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, K18n Foundation reported income of $9.5m and spending of $20.6m, spending 216% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.57bn to $9.5m (-99%), an average of -99% a year. The sharpest change came in the year to December 2023, when income dropped by 99%. Over the whole period it spent 1.4% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, K18n Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Community Foundation of West Kentucky Inc ($9.5m), Amoud Foundation ($9.5m) and The Tom Coughlin Jay Fund Foundation Inc ($9.5m).

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 $1.83bn against liabilities of $5,502, net assets of $1.83bn.