Komera Inc

Analysis

Komera Inc is a registered charity in United States, based in Milton, MA. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Komera Inc reported income of $600k and spending of $762k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $817k to $600k (-27%), an average of -7.4% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Komera Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Independent School of Winchester ($600k), Beats of Redmond Mitra Mandal ($600k) and Ursuline High School Endowment Fund ($600k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $74k (9.7% of expenses). Other salaries and wages came to $56k. At year end it held assets of $459k against liabilities of $146k, net assets of $313k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.