Compassion Katy Org Incorporated

Analysis

Compassion Katy Org Incorporated is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Compassion Katy Org Incorporated reported income of $56k and spending of $58k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $117k to $56k (-52%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Compassion Katy Org Incorporated sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Claysville Area Presivation and Revitialization Iniative ($56k), Bentons Renaissance on Main Council Inc ($56k) and Downtown Berryville Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $9,807, net assets of $4,561.

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.