Kaleo One Inc

Analysis

Kaleo One Inc is a registered charity in United States, based in Diamond Bar, CA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kaleo One Inc reported income of $121k and spending of $93k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $121k (+155%), an average of +155% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kaleo One Inc 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 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include DC Wise Inc ($121k), No Paw Left Behind Animal Rescue a NJ Nonprofit Corporation ($121k) and Tapal Charitable Foundation ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $82k against liabilities of $422, net assets of $82k.