Kokoro Assisted Living Inc

Analysis

Kokoro Assisted Living Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Kokoro Assisted Living Inc reported income of $3.5m and spending of $3.7m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.0m to $3.5m (+19%), an average of +4.5% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kokoro Assisted Living Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Dover Interfaith Mission for Housing Inc ($3.5m), Neighborhoods Inc of Battle Creek ($3.5m) and Muslim Housing Services ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 93% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $7.9m against liabilities of $9.5m, net assets of -$1.6m. It reported 54 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.