Ktk-Belt Inc

Analysis

Ktk-Belt Inc is a registered charity in United States, based in Manhasset HL, NY. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Ktk-Belt Inc reported income of $1.2m and spending of $1.3m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-21%), an average of -5.9% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 103% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Ktk-Belt Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Latino Equity Advocacy & Policy Institute - the Leap Institute ($1.2m), Southwest Resource Management Association ($1.2m) and Friends of Lakewood ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $49k. At year end it held assets of $154k against liabilities of $125k, net assets of $29k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.