Kaboom Inc

Analysis

Kaboom Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Kaboom Inc reported income of $21.5m and spending of $25.1m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.6m to $21.5m (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kaboom 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 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include USA Climbing ($21.4m), Atlantic 10 Conference ($21.5m) and Lulus Place Inc ($21.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $612k (2.4% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $32.8m against liabilities of $12.6m, net assets of $20.2m. It reported 74 employees.