Kinvara Inc

Analysis

Kinvara Inc is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kinvara Inc reported income of $179.7m and spending of $176.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $136.2m to $179.7m (+32%), an average of +7.2% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kinvara Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MN. Charities of a similar size with the same main cause include AARP Foundation ($175.2m), Bowery Residents Committee Inc ($182.4m) and Food Forward Inc ($175.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 101% of the total. Other salaries and wages came to $137.4m. At year end it held assets of $67.6m against liabilities of $14.6m, net assets of $53.0m. It reported 9,193 employees.