Katelle Foundation Inc

Analysis

Katelle Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Katelle Foundation Inc reported income of $633k and spending of $656k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $633k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Katelle Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Student Senate of the State University of New York at Delhi ($632k), Swiss Benevolent Society of New York N Y ($633k) and Nobis Project Inc ($632k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% and program service revenue 10% of the total. Other salaries and wages came to $249k. At year end it held assets of $230k against liabilities of $104, net assets of $230k. It reported 3 employees.