Kvie Inc

Analysis

Kvie Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in October 1959, 67 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 June 2023, Kvie Inc reported income of $18.4m and spending of $13.4m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.3m to $18.4m (+39%), an average of +8.5% a year. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kvie Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Capital of Texas Public Telecommunications Council ($18.4m), Cheekwood Botanical Garden and Museum of Art ($18.4m) and Annual Reviews ($18.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $683k (5.1% of expenses). Other salaries and wages came to $3.5m. It paid $559k in professional fundraising fees. At year end it held assets of $42.8m against liabilities of $4.8m, net assets of $38.0m. It reported 74 employees.