Kendal at Hanover I

Analysis

Kendal at Hanover I is a registered charity in United States, based in Hanover, NH. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Kendal at Hanover I reported income of $39.6m and spending of $36.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.9m to $39.6m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kendal at Hanover I sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NH. Charities of a similar size with the same main cause include The Ohio Masonic Home ($39.4m), Affordable Housing Partners Inc ($39.7m) and Western Home Services Inc ($39.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $706k (1.9% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $199.0m against liabilities of $134.0m, net assets of $64.9m. It reported 396 employees.