Kit Cares Inc

Analysis

Kit Cares Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kit Cares Inc reported income of $173k and spending of $156k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $173k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 107% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Kit Cares Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Circle of Friends Animal Societyinc ($173k), For the Fishes ($173k) and Boston Terrier Rescue of North Texas ($173k).

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 $66k against liabilities of $2,591, net assets of $64k.