Kimochi Inc

Analysis

Kimochi Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1971, 55 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 June 2023, Kimochi Inc reported income of $4.4m and spending of $4.6m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.6m to $4.4m (-4.6%), an average of -1.2% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kimochi Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Family Alternatives Inc ($4.3m), United Arc Inc ($4.4m) and Elder Care Alliance ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $245k (5.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $9.1m against liabilities of $1.7m, net assets of $7.4m. It reported 62 employees.