Kates Club Inc
Kates Club Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 161646487 · Brookhaven, GA · NTEE: P62 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2.5 |
| Net Assets | $4.7M |
| Transparency Score | 90/100 |
Is Kates Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kates Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kates Club Inc
Kates Club Inc (EIN: 161646487) is a nonprofit organization based in Brookhaven, GA, classified under NTEE code P62. The organization reported total revenue of $2.6M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kates Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kates Club Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$537K |
| Total Assets | $5.7M |
| Total Liabilities | $1.1M |
| Net Assets | $4.7M |
| Operating Margin | 20.8% |
| Debt-to-Asset Ratio | 18.9% |
| Months of Reserves | 33.6 months |
Financial Health Grade: A
In 2023, Kates Club Inc reported a surplus of $537K with revenue exceeding expenses, holds 33.6 months of operating reserves (strong position), has a debt-to-asset ratio of 18.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kates Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.3% | +28.1% | +12.2% |
| 2022 | +256.2% | +55.6% | +278.2% |
| 2021 | +33.3% | -1.5% | +20.8% |
| 2020 | -0.4% | -6.4% | -7.4% |
| 2019 | +15.9% | +14.4% | -8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kates Club Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Kates Club Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $537K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with over $2.5 million in annual revenue and $5.7 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kates Club Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Kates Club Inc:
- Strong revenue growth, particularly in 2022 and 2023, demonstrating effective fundraising.
- Significant asset accumulation, with assets growing from $1.35M in 2021 to $5.73M in 2023, indicating financial stability.
- Consistent financial surpluses in recent years (e.g., $536,896 in 2023), showing expenses are well-managed relative to income.
- Zero reported officer compensation across all filings, suggesting a strong commitment to directing funds towards the mission.
Frequently Asked Questions about Kates Club Inc
Is Kates Club Inc a legitimate charity?
Kates Club Inc (EIN: 161646487) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Kates Club Inc spend its money?
Kates Club Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Kates Club Inc tax-deductible?
Kates Club Inc is registered as a tax-exempt nonprofit (EIN: 161646487). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kates Club Inc CEO make?
Kates Club Inc's highest-compensated officer earns $2.5 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kates Club Inc's spending goes to programs?
Kates Club Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kates Club Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Kates Club Inc is above average for NTEE category P62 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kates Club Inc located?
Kates Club Inc is headquartered in Brookhaven, Georgia and files with the IRS under EIN 161646487. It is classified under NTEE code P62.
How many years of IRS 990 filings does Kates Club Inc have?
Kates Club Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
Is Kates Club Inc a good charity?
Based on the provided financial data, Kates Club Inc appears to be a financially healthy and well-managed charity. It demonstrates strong revenue generation, significant asset growth, and a notable commitment to transparency by reporting 0% officer compensation across all filings. The consistent surpluses in recent years (e.g., $536,896 in 2023) suggest effective financial management.
How has Kates Club Inc's revenue trended over time?
Kates Club Inc has experienced significant revenue growth, particularly in recent years. Revenue jumped from $1,280,082 in 2021 to $4,559,605 in 2022, before settling at $2,583,311 in 2023. This represents a substantial increase from earlier periods, such as $960,488 in 2020.
What is the organization's asset growth like?
The organization has shown remarkable asset growth. Assets increased from $1,352,132 in 2021 to $5,114,129 in 2022, and further to $5,737,387 in 2023. This indicates strong financial accumulation and stability.
Is the 0% officer compensation accurate for an organization of this size?
While the filings consistently report 0% officer compensation, which is a positive indicator of mission focus, it is highly unusual for an organization with annual revenues exceeding $2.5 million and assets over $5.7 million to have no compensated officers. This could imply that key leadership roles are filled by volunteers, or compensation is structured in a way not reported as 'officer compensation' on the 990, such as through a related entity or as contractor fees. Further investigation into the organization's operational structure would be beneficial to understand this.
Filing History
IRS 990 filing history for Kates Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kates Club Inc's revenue has grown by 511%, moving from $423K to $2.6M. Total assets increased by 1988.6% over the same period, from $275K to $5.7M. Total functional expenses rose by 471.1%, from $358K to $2.0M. In its most recent filing year (2023), Kates Club Inc reported a surplus of $537K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $5.7M in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.0M | $5.7M | $1.1M | — | View 990 |
| 2022 | $4.6M | $1.6M | $5.1M | $999K | — | — |
| 2021 | $1.3M | $1.0M | $1.4M | $199K | — | View 990 |
| 2020 | $960K | $1.0M | $1.1M | $220K | — | — |
| 2019 | $965K | $1.1M | $1.2M | $227K | — | View 990 |
| 2018 | $833K | $974K | $1.3M | $195K | — | View 990 |
| 2017 | $655K | $934K | $1.4M | $129K | — | View 990 |
| 2016 | $754K | $808K | $1.7M | $101K | — | View 990 |
| 2015 | $1.6M | $757K | $1.7M | $117K | — | View 990 |
| 2014 | $712K | $623K | $824K | $45K | — | View 990 |
| 2013 | $901K | $561K | $731K | $41K | — | View 990 |
| 2012 | $577K | $474K | $384K | $33K | — | View 990 |
| 2011 | $423K | $358K | $275K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.0M, and assets of $5.7M (revenue -43.3% year-over-year).
- 2022: Revenue of $4.6M, expenses of $1.6M, and assets of $5.1M (revenue +256.2% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.0M, and assets of $1.4M (revenue +33.3% year-over-year).
- 2020: Revenue of $960K, expenses of $1.0M, and assets of $1.1M (revenue -0.4% year-over-year).
- 2019: Revenue of $965K, expenses of $1.1M, and assets of $1.2M (revenue +15.9% year-over-year).
- 2018: Revenue of $833K, expenses of $974K, and assets of $1.3M (revenue +27.1% year-over-year).
- 2017: Revenue of $655K, expenses of $934K, and assets of $1.4M (revenue -13.2% year-over-year).
- 2016: Revenue of $754K, expenses of $808K, and assets of $1.7M (revenue -52.7% year-over-year).
- 2015: Revenue of $1.6M, expenses of $757K, and assets of $1.7M (revenue +124.0% year-over-year).
- 2014: Revenue of $712K, expenses of $623K, and assets of $824K (revenue -20.9% year-over-year).
- 2013: Revenue of $901K, expenses of $561K, and assets of $731K (revenue +56.1% year-over-year).
- 2012: Revenue of $577K, expenses of $474K, and assets of $384K (revenue +36.5% year-over-year).
- 2011: Revenue of $423K, expenses of $358K, and assets of $275K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kates Club Inc:
Data Sources and Methodology
This transparency report for Kates Club Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.