Kim Center for Social Balance

Analysis

Kim Center for Social Balance is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2024, Kim Center for Social Balance reported income of $93k and spending of $135k, spending 146% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $212k to $93k (-56%), an average of -34% a year. The sharpest change came in the year to June 2024, when income dropped by 52%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kim Center for Social Balance sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Saraswat Foundation Inc ($93k), Jackson County Wildlife Fund Inc ($93k) and Lake Forest School Parentteacher Club ($93k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $80k (59% of expenses). Other salaries and wages came to $25k. At year end it held assets of $128k against liabilities of $7,731, net assets of $120k. It reported 2 employees.