Kavod

Analysis

Kavod is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kavod reported income of $9.5m and spending of $7.6m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $9.5m (+308%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kavod sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Childfirst Services Inc ($9.5m), Helix Human Services Inc ($9.5m) and Family Resource Agency Inc ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $96k (1.3% of expenses). At year end it held assets of $2.7m against liabilities of $75k, net assets of $2.6m.