Kostro Foundation

Analysis

Kostro Foundation is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kostro Foundation reported income of $93k and spending of $197k, spending 212% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,000 to $93k (+1755%), an average of +1755% a year. The sharpest change came in the year to December 2023, when income rose by 1755%. Over the whole period it spent 228% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kostro Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include LNC Foundation ($93k), Rock Solid Resource Center ($93k) and East Point Horspice ($93k).

Other salaries and wages came to $22k. At year end it held assets of $0 against liabilities of $0, net assets of $0.