K I C Foundation Inc

Analysis

K I C Foundation Inc is a registered charity in United States, based in Indio, CA. It received its IRS tax-exemption ruling in April 2005, 21 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, K I C Foundation Inc reported income of $55k and spending of $48k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $12k to $55k (+380%), an average of +380% a year. The sharpest change came in the year to December 2023, when income rose by 380%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, K I C Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Twelve 12 Steps for Christian Living Center ($55k), PTA Oregon Congress ($55k) and Virginia Congress of Parents and Teachers ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.