Kato Design Inc

Analysis

Kato Design Inc is a registered charity in United States, based in Richmond, VA. 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 December 2023, Kato Design Inc reported income of $170k and spending of $192k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $363k to $170k (-53%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kato Design Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Project I Am NFP ($169k), Down Syndrome Support Group of South Central Kentucky Inc ($170k) and Bikkur Cholim of Philadelphia Inc ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3,674 against liabilities of $0, net assets of $3,674.