Philanthropy & Grantmaking
(T21)
990 on File
W K KELLOGG FOUNDATION
Financial strength (30%)
62/100
Reliability (20%)
50/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2025
$435.3M
Total Revenue
$426.8M
Total Expenses
$152.2M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
97.2%
Fundraising Efficiency
N/A
Operating Reserve
4.28x
Liability-to-Asset
68.4%
Revenue Diversification
96.5%
Executive Compensation
$4.2M
Compared with Peers
FY 2025
Compared with 29 similar organizations
(United States, Philanthropy & Grantmaking, $100M and over in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
97.2% | 95.9% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.3 mo | 41.9 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
68.4% | 7.2% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
96.5% | 83.7% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
15.8% | 16.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
12.6% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
2.0% | 3.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $435.3M | $426.8M | $152.2M | 97.2% | — |
| 2024 | $375.9M | $379.0M | $130.7M | 104.1% | — |
| 2023 | $383.2M | $522.4M | $126.8M | 74.4% | — |
| 2022 | $396.2M | $366.4M | $266.3M | 140.0% | — |
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