Ksuite Inc
Nonprofit profile at a glance
- EIN
- 990492649
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Charlotte, NC, USA
- Phone
- 7049047571
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy
Reported finances
- Revenue
- $87,975
- Expenses
- $83,030
- Assets
- $18,600
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- John Richter (Executive Director, board member)
People named in this filing
- Daniel Horner (Board Chair)
- John Richter (Executive Director, board member)
- Joshua Blackson (Board member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
KSuite is a social welfare organization that is designed to support and connect business leaders who are working in the four focus areas of affordable housing, education, employment and healthcare. Our activities include accumulation of research dedicated to the four areas, creation of a database of businesses and nonprofits that are partnering in each of the areas and fostering new relationships among the KSuite participants as well as nonprofit and civic leaders. In short, the activities of KSuite support and enhance the important work of our participants and their nonprofit and civic partners
What it reported doing in 2025
Supported work of the action groups working to impact upward mobility in the city: affordable housing, education, employment and health care
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.1%; rating input score 92
- Program expense ratio: 97.5%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 5.6%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 128.7% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 90.5% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 4.3% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 92.1% of revenue deployed · 97.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $81K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- Review — Sustainability: Operating margin scored 54/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.