Kody Foundation Inc

Analysis

Kody Foundation Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in September 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kody Foundation Inc reported income of $347k and spending of $197k, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $188k to $347k (+85%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kody Foundation Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Miriam Hellman Prophetic Ministries Inc ($347k), Northwest Ottawa Recreation Authority ($347k) and American Scottish Foundation Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. At year end it held assets of $965k against liabilities of $414k, net assets of $550k.