Kboo Foundation

Analysis

Kboo Foundation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 1975, 51 years ago. 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 September 2023, Kboo Foundation reported income of $936k and spending of $988k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $805k to $936k (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2022, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kboo Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OR. Charities of a similar size with the same main cause include Lake Louise Christian Community ($935k), Freehold Soccer League Inc ($936k) and New Hope Christian Counseling Foundation Inc ($935k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $26k (2.6% of expenses). Other salaries and wages came to $437k. At year end it held assets of $1.8m against liabilities of $474k, net assets of $1.4m. It reported 23 employees.