KT Humble Hearts Foundation

Analysis

KT Humble Hearts Foundation is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in February 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 (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, KT Humble Hearts Foundation reported income of $69k and spending of $19k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $17k to $69k (+315%), an average of +315% a year. The sharpest change came in the year to December 2023, when income rose by 315%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, KT Humble Hearts Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within MN. Charities of a similar size with the same main cause include Good Stuff Store ($69k), Modesto Garden Club Inc ($69k) and Brookwood Tip-Off Club Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.