KLT Enterprise Inc NFP

Analysis

KLT Enterprise Inc NFP is a registered charity in United States, based in Homewood, IL. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, KLT Enterprise Inc NFP reported income of $345k and spending of $343k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $257k to $345k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, KLT Enterprise Inc NFP sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Camp Galilee Incorporated ($345k), Fargo Post 2 Baseball Club ($345k) and Davids Table Inc ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. At year end it held assets of $9,657 against liabilities of $6,524, net assets of $3,133.