Kawabe Memorial House Foundation

Analysis

Kawabe Memorial House Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1973, 53 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, Kawabe Memorial House Foundation reported income of $2.6m and spending of $2.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.6m (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kawabe Memorial House Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Epic Enterprises Incorporated ($2.6m), Lift Up of Routt County ($2.6m) and Vassar-Warner Home ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $140k (6.1% of expenses). Other salaries and wages came to $574k. At year end it held assets of $5.3m against liabilities of $5.3m, net assets of $48k. It reported 18 employees.