KCRW Foundation Inc

Analysis

KCRW Foundation Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in August 1982, 44 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, KCRW Foundation Inc reported income of $22.3m and spending of $23.7m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.1m to $22.3m (+0.9%), an average of +0.2% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, KCRW Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Rainbow of Challenges Inc ($22.3m), Villa of Hope ($22.3m) and Cheshire Academy ($22.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $596k (2.5% of expenses). Other salaries and wages came to $11.0m. It paid $2.5m in professional fundraising fees. At year end it held assets of $53.2m against liabilities of $2.3m, net assets of $50.9m. It reported 184 employees.