KTD Home Ownership Maximization Enterprise Corp

Analysis

KTD Home Ownership Maximization Enterprise Corp is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, KTD Home Ownership Maximization Enterprise Corp reported income of $16.5m and spending of $750, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $16.5m (+774%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 69959%. Over the whole period it spent 4.3% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, KTD Home Ownership Maximization Enterprise Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Venice Community Housing Corporation ($16.5m), Palm Shores Retirement Community Inc ($16.5m) and Ahepa Affordable Housing Management Company Inc ($16.5m).

At year end it held assets of $20.6m against liabilities of $262k, net assets of $20.3m.