Kode with Klossy Inc

Analysis

Kode with Klossy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kode with Klossy Inc reported income of $4.8m and spending of $4.5m, spending 94% of its income. Across the 3 years on record, from April 2022 to December 2023, income grew from $317k to $4.8m (+1414%), an average of +289% a year. The sharpest change came in the year to April 2023, when income rose by 2202%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kode with Klossy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Renewanation ($4.8m), University of Science & Arts of Oklahoma Foundation Inc ($4.8m) and Claremont Lincoln University ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $421k (9.3% of expenses). Other salaries and wages came to $1.9m. It paid $75k in professional fundraising fees. At year end it held assets of $3.9m against liabilities of $53k, net assets of $3.8m. It reported 291 employees.