Keating Family Foundation

Analysis

Keating Family Foundation is a registered charity in United States, based in Atkinson, NE. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Keating Family Foundation reported income of $138k and spending of $15k, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $790k to $138k (-83%), an average of -82% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 1.7% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Keating Family Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NE. Charities of a similar size with the same main cause include Urban Appalachian Community Coalition ($138k), Grayson Land Care ($138k) and Barber County Developmentincorporated ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $924k against liabilities of $12k, net assets of $913k.