Friends of Kexp

Analysis

Friends of Kexp is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Friends of Kexp reported income of $14.7m and spending of $17.4m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.6m to $14.7m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Friends of Kexp sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Dabena Alliances Inc ($14.6m), Boys & Girls Clubs of Central and Northern New Hampshire Inc ($14.7m) and Boys & Girls Clubs of Northeast Ohio ($14.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $999k (5.7% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $34.6m against liabilities of $12.4m, net assets of $22.1m. It reported 151 employees.