Kitchen Food Ventures

Analysis

Kitchen Food Ventures is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Kitchen Food Ventures reported income of $109k and spending of $183k, spending 167% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $184k to $109k (-41%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 33%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kitchen Food Ventures sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Helping Makes U Happy ($109k), Junior League of Lincoln Inc ($109k) and Ryan Anthony Head Start Fund Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $52k (28% of expenses). Other salaries and wages came to $6,500. At year end it held assets of $309k against liabilities of $40k, net assets of $270k. It reported 2 employees.