Kentco Properties Inc

Analysis

Kentco Properties Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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 June 2023, Kentco Properties Inc reported income of $167k and spending of $180k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $161k to $167k (+4.0%), an average of +1.3% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentco Properties Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within RI. Charities of a similar size with the same main cause include Plantamnesty ($167k), Pittsfield Youth Workshop ($168k) and Alaska Association of Figure Skaters ($167k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $484k, net assets of $941k.

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.