Keats Garden Inc

Analysis

Keats Garden Inc is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Keats Garden Inc reported income of $328k and spending of $464k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $328k (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Keats Garden Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within RI. Charities of a similar size with the same main cause include Ahepa 310-Xii Inc ($328k), United Church Residences of Ashland Ohio Inc ($328k) and Kings Compassion ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Other salaries and wages came to $38k. At year end it held assets of $3.0m against liabilities of $3.8m, net assets of -$825k.

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.