Kaitlyns Kloset - MN

Analysis

Kaitlyns Kloset - MN is a registered charity in United States, based in Eagan, MN. It received its IRS tax-exemption ruling in February 2023, 3 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 December 2023, Kaitlyns Kloset - MN reported income of $478k and spending of $366k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $478k (+599%), an average of +599% a year. The sharpest change came in the year to December 2023, when income rose by 599%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kaitlyns Kloset - MN sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Foothills Food Pantry ($478k), Fannin County Family Crisis Center Inc ($478k) and Canine Assisted Therapy Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,696 (1.6% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 2 employees.