New England Kurn Hattin Homes

Analysis

New England Kurn Hattin Homes is a registered charity in United States, based in Westminster, VT. It received its IRS tax-exemption ruling in June 1926, 100 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 June 2023, New England Kurn Hattin Homes reported income of $6.5m and spending of $9.7m, spending 148% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.8m to $6.5m (+13%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 126% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New England Kurn Hattin Homes sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include South Suburban Pads ($6.5m), Lake-Geauga Recovery Centers Inc ($6.6m) and Sojourner Center ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $176k (1.8% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $65.1m against liabilities of $10.0m, net assets of $55.0m. It reported 103 employees.