Kdm5c Kares Foundation Inc

Analysis

Kdm5c Kares Foundation Inc is a registered charity in United States, based in Metamora, IL. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kdm5c Kares Foundation Inc reported income of $94k and spending of $37k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $94k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 25% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kdm5c Kares Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include Somiech Noflim Foundation Inc ($94k), Rosemont High School Boosters ($94k) and Garrett B Smith Foundation ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $121k against liabilities of $1,233, net assets of $120k.