Kainga Music

Analysis

Kainga Music is a registered charity in United States, based in Vista, CA. It received its IRS tax-exemption ruling in September 2014, 12 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, Kainga Music reported income of $78k and spending of $82k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $78k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kainga Music sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include American Friends of the Us-Israel Binational Science Foundation ($78k), Marshall Cultural Council ($78k) and The Horns Project Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 77% of the total. At year end it held assets of $7,246 against liabilities of $0, net assets of $7,246.