Kobo Inc

Analysis

Kobo Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Kobo Inc reported income of $1.9m and spending of $1.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $1.9m (+1799%), an average of +109% a year. The sharpest change came in the year to December 2020, when income rose by 465%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Kobo Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include International Eye Foundation ($1.9m), Youth with a Mission Costa Rica ($1.9m) and Machon Maayan ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $168k (9.2% of expenses). Other salaries and wages came to $152k. At year end it held assets of $721k against liabilities of $429k, net assets of $292k. It reported 4 employees.