Elizabeth Kates Foundation Inc

Analysis

Elizabeth Kates Foundation Inc is a registered charity in United States, based in Goochland, VA. It received its IRS tax-exemption ruling in April 1968, 58 years ago. 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 March 2024, Elizabeth Kates Foundation Inc reported income of $77k and spending of $53k, leaving 31% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $28k to $77k (+177%), an average of +177% a year. The sharpest change came in the year to March 2024, when income rose by 177%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elizabeth Kates Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include Bethany Community Foundation ($77k), Freeport Area Library Association ($77k) and Shimek Before and After School Program Inc ($77k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 85% of the total. At year end it held assets of $288k against liabilities of $0, net assets of $288k.