Kalimba Foundation NFP

Analysis

Kalimba Foundation NFP is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kalimba Foundation NFP reported income of $584k and spending of $718k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $486k to $584k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kalimba Foundation NFP sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Mainstreet Kids ($584k), Area Relief Ministries ($584k) and Joyful Journeys Community Enrichment ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $287k. At year end it held assets of $180k against liabilities of $307k, net assets of -$127k.