Kobo Inc
EIN: 371934868 · Cambridge, MA · NTEE: Q19
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $1.8M |
| Net Assets | $292K |
Is Kobo Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kobo Inc
Kobo Inc (EIN: 371934868) is a nonprofit organization based in Cambridge, MA, classified under NTEE code Q19. The organization reported total revenue of $2.9M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kobo Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kobo Inc is a mid-size nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 108.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$25K |
| Total Assets | $721K |
| Total Liabilities | $429K |
| Net Assets | $292K |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 59.6% |
| Months of Reserves | 4.7 months |
Financial Health Grade: A
In 2023, Kobo Inc reported a surplus of $25K with revenue exceeding expenses, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 59.6% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Kobo Inc's revenue has grown at a compound annual growth rate (CAGR) of 108.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.8% | +52.3% | +12.8% |
| 2022 | +72.7% | +46.3% | -20.5% |
| 2021 | +7.1% | +484.5% | +52.5% |
| 2020 | +464.8% | +298844.7% | +437.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kobo Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kobo Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.6%.
Frequently Asked Questions about Kobo Inc
Is Kobo Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kobo Inc (EIN: 371934868) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kobo Inc spend its money?
Detailed spending breakdown data is not yet available for Kobo Inc. Check back for updated IRS 990 analysis.
Are donations to Kobo Inc tax-deductible?
Kobo Inc is registered as a tax-exempt nonprofit (EIN: 371934868). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kobo Inc located?
Kobo Inc is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 371934868. It is classified under NTEE code Q19.
How many years of IRS 990 filings does Kobo Inc have?
Kobo Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.9M in total revenue.
Filing History
IRS 990 filing history for Kobo Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Kobo Inc's revenue has grown by 1799.3%, moving from $98K to $1.9M. Total assets increased by 635.1% over the same period, from $98K to $721K. Total functional expenses rose by 3892129.8%, from $47 to $1.8M. In its most recent filing year (2023), Kobo Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $429K in liabilities against $721K in assets (debt-to-asset ratio: 59.6%), resulting in net assets of $292K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $721K | $429K | — | — |
| 2022 | $1.0M | $1.2M | $639K | $373K | — | View 990 |
| 2021 | $591K | $821K | $804K | $357K | — | View 990 |
| 2020 | $551K | $141K | $527K | $27K | — | View 990 |
| 2019 | $98K | $47 | $98K | $500 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $721K (revenue +81.8% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.2M, and assets of $639K (revenue +72.7% year-over-year).
- 2021: Revenue of $591K, expenses of $821K, and assets of $804K (revenue +7.1% year-over-year).
- 2020: Revenue of $551K, expenses of $141K, and assets of $527K (revenue +464.8% year-over-year).
- 2019: Revenue of $98K, expenses of $47, and assets of $98K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kobo Inc:
Data Sources and Methodology
This transparency report for Kobo Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.