Kennedy Management Inc

Analysis

Kennedy Management Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kennedy Management Inc reported income of $2.3m and spending of $3.5m, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $988k to $2.3m (+131%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 184%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kennedy Management Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Irvine Community Land Trust ($2.3m), Family Promise of Las Vegas ($2.3m) and Montgomery Housing Partnership Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $411k. At year end it held assets of $49.3m against liabilities of $50.3m, net assets of -$1.0m.