Kavic Inc

Analysis

Kavic Inc is a registered charity in United States, based in Defiance, OH. It received its IRS tax-exemption ruling in June 2021, 5 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 December 2023, Kavic Inc reported income of $52k and spending of $86k, spending 165% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $198k to $52k (-74%), an average of -74% a year. The sharpest change came in the year to December 2023, when income dropped by 74%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kavic Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Senior Citizens Foundation of South Pasadena Inc ($52k), Texas Infectious Diseases Society ($52k) and Pike Medical Foundation ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.