The Kat6a Foundation Inc

Analysis

The Kat6a Foundation Inc is a registered charity in United States, based in Bellmore, NY. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Kat6a Foundation Inc reported income of $480k and spending of $262k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $558k to $480k (-14%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 51% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Kat6a Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Midstate Medical Center Auxiliary ($479k), Ride Above Disability Therapeutic Riding Center ($480k) and South Carolina Free Clinic Association ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. It paid $40k in professional fundraising fees. At year end it held assets of $999k against liabilities of $162, net assets of $999k.