Kai Ming Inc

Analysis

Kai Ming Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 1975, 51 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 June 2023, Kai Ming Inc reported income of $22.3m and spending of $22.0m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $11.6m to $22.3m (+92%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kai Ming Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Desert Christian Schools Inc ($22.3m), Guild ($22.3m) and Valley Area Agency on Aging ($22.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $881k (4.0% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $14.6m against liabilities of $10.3m, net assets of $4.3m. It reported 205 employees.