Friends of K Gat Inc

Analysis

Friends of K Gat Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Friends of K Gat Inc reported income of $83k and spending of $81k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $218k to $83k (-62%), an average of -62% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of K Gat Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Ulife Campus Ministry Consulting Inc ($83k), Camp Hunt Inc ($83k) and House of Restoration Church of Christ Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,001 against liabilities of $0, net assets of $2,001.