Kennedy Institute Housing Corporation II

Analysis

Kennedy Institute Housing Corporation II is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2002, 24 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 (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, Kennedy Institute Housing Corporation II reported income of $169k and spending of $189k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $205k to $169k (-17%), an average of -4.7% a year. The sharpest change came in the year to June 2020, when income dropped by 25%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kennedy Institute Housing Corporation II sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 27th percentile within DC. Charities of a similar size with the same main cause include Goodwill Village West Inc 12-10-92 ($169k), Bay Area Affordable Homeownership Alliance ($169k) and Cahec Foundation ($169k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $973k against liabilities of $1.8m, net assets of -$811k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.