Foundation for Coffee Knowledge

Analysis

Foundation for Coffee Knowledge is a registered charity in United States, based in Warrenville, IL. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Foundation for Coffee Knowledge reported income of $76k and spending of $68k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,000 to $76k (+1420%), an average of +1420% a year. The sharpest change came in the year to December 2023, when income rose by 1420%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Coffee Knowledge sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within IL. Charities of a similar size with the same main cause include Highlands Ranch Community Scholarship Fund ($76k), Grace Arms of Antioch ($76k) and Michael S Schisler Scholarship Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $5,000 (7.3% of expenses). At year end it held assets of $13k against liabilities of $806, net assets of $12k.