Kates Kart Inc

Analysis

Kates Kart Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kates Kart Inc reported income of $546k and spending of $441k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $358k to $546k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kates Kart Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Creative World Art Center ($546k), The Maisha Project Inc ($546k) and Grand Tots Inc ($545k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $67k (15% of expenses). Other salaries and wages came to $37k. At year end it held assets of $670k against liabilities of $0, net assets of $670k. It reported 3 employees.