Kiva Microfunds

Analysis

Kiva Microfunds is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Kiva Microfunds reported income of $34.7m and spending of $37.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $19.9m to $34.7m (+74%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 135%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Kiva Microfunds 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 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Search for Common Ground ($34.6m), Hope for Haiti Inc ($35.0m) and The Shalom Hartman Institute of North America ($34.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $2.9m (7.7% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $238.8m against liabilities of $208.1m, net assets of $30.7m. It reported 170 employees.