KTB Financial Services Inc

Analysis

KTB Financial Services Inc is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, KTB Financial Services Inc reported income of $158k and spending of $120k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $158k (+4.7%), an average of +4.7% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, KTB Financial Services Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Serhendi Cultural Association ($158k), Willie Mae Rivers Ministries ($158k) and Level Pathways Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.