Kovno Communications Inc

Analysis

Kovno Communications Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, 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, Kovno Communications Inc reported income of $1.1m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $879k to $1.1m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kovno Communications Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Wellesley Theatre Project Inc ($1.1m), Hillbarn Theatre Inc ($1.1m) and Freedoms Frontier National Heritage Area Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $58k (5.6% of expenses). At year end it held assets of $87k against liabilities of $102k, net assets of -$15k.