The Katan Foundation Inc

Analysis

The Katan Foundation Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in February 2017, 9 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, The Katan Foundation Inc reported income of $238k and spending of $219k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $325k to $238k (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Katan Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Impact 100 East Bay Inc ($238k), The Hide and Seek Foundation ($239k) and Liv Like a Unicorn Corporation ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $9,301, net assets of $16k.