Kats Ribbon of Hope Inc

Analysis

Kats Ribbon of Hope Inc is a registered charity in United States, based in Greenvale, NY. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Kats Ribbon of Hope Inc reported income of $226k and spending of $273k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $182k to $226k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 197%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kats Ribbon of Hope Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Thrift Shop-Cancer Aid ($226k), Chinook Area Senior Center ($226k) and Medina Community Clinic Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $5,388 (2.0% of expenses). At year end it held assets of $25k against liabilities of $3,481, net assets of $22k.

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.