Kodai Friends International Inc

Analysis

Kodai Friends International Inc is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Kodai Friends International Inc reported income of $302k and spending of $258k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $256k to $302k (+18%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 134%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kodai Friends International Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Exchange Club of Culver City Charitable Foundation Inc ($302k), Dental Foundation of Oregon ($302k) and All for Lunch Inc ($302k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $34k (13% of expenses). At year end it held assets of $3.6m against liabilities of $129k, net assets of $3.5m. It reported 2 employees.