Kta Funding Hope Foundation

Analysis

Kta Funding Hope Foundation is a registered charity in United States, based in Berwyn, PA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kta Funding Hope Foundation reported income of $56k and spending of $40k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $26k to $56k (+115%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 216%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kta Funding Hope Foundation 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 22nd percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Gusinje Foundation Inc ($56k), Howard County Community Foundation Inc ($56k) and Straight Caribbean Spine Foundation ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $526k against liabilities of $3,833, net assets of $522k.