Kates Club Inc

Analysis

Kates Club Inc is a registered charity in United States, based in Brookhaven, GA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kates Club Inc reported income of $2.6m and spending of $2.0m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $965k to $2.6m (+168%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 256%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kates Club Inc 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 90th percentile within GA. Charities of a similar size with the same main cause include Niles Township Food Pantry Foundation ($2.6m), Edgemoor Community Center Inc ($2.6m) and Both Ends Believing Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $136k (6.7% of expenses). Other salaries and wages came to $815k. It paid $33k in professional fundraising fees. At year end it held assets of $5.7m against liabilities of $1.1m, net assets of $4.7m. It reported 23 employees.