Koam Education Alliance

Analysis

Koam Education Alliance is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Koam Education Alliance reported income of $113k and spending of $112k, spending 99% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $568k to $113k (-80%), an average of -55% a year. The sharpest change came in the year to December 2022, when income dropped by 67%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Koam Education Alliance sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Skjaja Fund ($113k), Youth with a Mission Northwoods Inc ($113k) and Northwood Parent Faculty Club ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $49k against liabilities of $195k, net assets of -$146k.