Kimage Inc

Analysis

Kimage Inc is a registered charity in United States, based in Old Tappan, NJ. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kimage Inc reported income of $105k and spending of $109k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $143k to $105k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kimage Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Silicon Valley Boychoir ($105k), North Carolina Veterans Memorial Inc ($105k) and Potomac Playmakers ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,569 against liabilities of $0, net assets of $5,569.