Kafakumba Development Projects Fundinc

Analysis

Kafakumba Development Projects Fundinc is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Kafakumba Development Projects Fundinc reported income of $202k and spending of $62k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $202k (+78%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 414%. Over the whole period it spent 31% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kafakumba Development Projects Fundinc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within IN. Charities of a similar size with the same main cause include South Side Thrive Collaborative ($202k), American Leadership Forum-Great Valley Chapter Inc ($202k) and Leadership Lafayette Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.