Morris H Kates Foundation

Analysis

Morris H Kates Foundation is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Morris H Kates Foundation reported income of $107k and spending of $83k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $92k to $107k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 119% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Morris H Kates Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Sunapee Heritage Alliance ($107k), Angies Angels ($108k) and Weber County Sheriffs Foundation ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $406k against liabilities of $676, net assets of $405k.