Katy Cares Inc

Analysis

Katy Cares Inc is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Katy Cares Inc reported income of $199k and spending of $205k, spending 103% of its income. Across the 5 years on record, from December 2018 to December 2023, income fell from $265k to $199k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Katy Cares 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 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Diamante Inc ($199k), Cooperation Station ($199k) and Cutliff Grove Family Resource Center Inc ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 23% of the total. At year end it held assets of $133k against liabilities of $477, net assets of $133k.