Kortright Kares Foundation 7 Inc

Analysis

Kortright Kares Foundation 7 Inc is a registered charity in United States, based in East Islip, NY. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kortright Kares Foundation 7 Inc reported income of $55k and spending of $70k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $55k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kortright Kares Foundation 7 Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Northeast Storytelling Inc ($55k), Empowerment 4 Generations Inc ($55k) and Parent Booster USA Inc ($55k).

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 $11k against liabilities of $0, net assets of $11k.