Kits Cubed Inc

Analysis

Kits Cubed Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Kits Cubed Inc reported income of $104k and spending of $121k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $232k to $104k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kits Cubed Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Taking Shape Inc ($104k), Chicago Literary Hall of Fame ($104k) and Warroad Summer Theater Company ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.