Katlyns Promise Inc

Analysis

Katlyns Promise Inc is a registered charity in United States, based in Griffin, GA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Katlyns Promise Inc reported income of $90k and spending of $83k, spending 93% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $103k to $90k (-13%), an average of -13% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Katlyns Promise Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within GA. Charities of a similar size with the same main cause include Todays Hope ($90k), Pathway Young Adult Program Inc ($90k) and Alexandria Community Services Corporation ($90k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $214k against liabilities of $138k, net assets of $76k.