Kundiman Inc

Analysis

Kundiman Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2004, 22 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 December 2023, Kundiman Inc reported income of $700k and spending of $945k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $384k to $700k (+82%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kundiman Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Strawtown Art & Garden Studio ($700k), Massachusetts Society of Mayflower Descendants ($701k) and Broome County Arts Council Inc ($700k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $67k (7.0% of expenses). Other salaries and wages came to $423k. At year end it held assets of $1.1m against liabilities of $13k, net assets of $1.1m. It reported 8 employees.