Kit Carson Rural Development

Analysis

Kit Carson Rural Development is a registered charity in United States, based in Kit Carson, CO. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2024, Kit Carson Rural Development reported income of $375k and spending of $163k, leaving 56% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income grew from $47k to $375k (+690%), an average of +51% a year. The sharpest change came in the year to July 2022, when income rose by 288%. Over the whole period it spent 17% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kit Carson Rural Development sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Sundance Childcare Center ($375k), Little Lambs Preschool Daycare Ministry Inc ($375k) and Cross Creek Volunteer Fire Department Inc ($375k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 49% and program service revenue 19% of the total. Other salaries and wages came to $1,280. At year end it held assets of $2.4m against liabilities of $4,850, net assets of $2.4m.