Kay Mar Way Inc

Analysis

Kay Mar Way Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in May 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kay Mar Way Inc reported income of $130k and spending of $97k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $172k to $130k (-24%), an average of -8.9% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kay Mar Way Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Foundation Shelters ($130k), Pecan Valley Apartments Inc ($130k) and Spf-Ster-Iv ($130k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $826k against liabilities of $567k, net assets of $259k.