Katydid Foundation Inc

Analysis

Katydid Foundation Inc is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2024, Katydid Foundation Inc reported income of $54k and spending of $109k, spending 201% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $57k to $54k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 159% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Katydid Foundation Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include PCHD Foundation Incorporated ($54k), Osluv Project ($54k) and Orphans Relief Foundtion Inc ($54k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 73% of the total. At year end it held assets of $391k against liabilities of $769k, net assets of -$377k.

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.