Kateri Medical Services Inc

Analysis

Kateri Medical Services Inc is a registered charity in United States, based in Tariffville, CT. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover health care, 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 December 2023, Kateri Medical Services Inc reported income of $243k and spending of $172k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $243k (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 129%. Over the whole period it spent 52% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kateri Medical Services Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Mauli Ola Foundation Breath of Life ($243k), Upland Hills Health Foundation Inc ($243k) and Peacehealth Ketchikan Medical Center Foundation ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.