Kser Foundation

Analysis

Kser Foundation is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Kser Foundation reported income of $330k and spending of $287k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $330k (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kser Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Armenian Cultural & Educational Center Inc ($330k), Lassen Association ($330k) and Gujarati Samaj of St Louis Inc ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $52k (18% of expenses). Other salaries and wages came to $48k. At year end it held assets of $500k against liabilities of $3,925, net assets of $497k. It reported 2 employees.