Kaposia Inc

Analysis

Kaposia Inc is a registered charity in United States, based in Little Canada, MN. It received its IRS tax-exemption ruling in April 1974, 52 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 December 2023, Kaposia Inc reported income of $5.8m and spending of $5.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $5.8m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kaposia Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Covenant Home ($5.8m), Clatsop Community Action ($5.8m) and Beth Jacob High School Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $238k (4.3% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $4.8m against liabilities of $886k, net assets of $3.9m. It reported 78 employees.