The Kennedy Collective Inc

Analysis

The Kennedy Collective Inc is a registered charity in United States, based in Trumbull, CT. It received its IRS tax-exemption ruling in September 1952, 74 years ago. 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, The Kennedy Collective Inc reported income of $30.6m and spending of $33.0m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $31.4m to $30.6m (-2.6%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Kennedy Collective Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Siskiyou Community Health Center Inc ($30.6m), American Society for Engineering Education ($30.6m) and Health Services Inc ($30.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $651k (2.0% of expenses). Other salaries and wages came to $19.8m. At year end it held assets of $21.3m against liabilities of $12.4m, net assets of $8.9m. It reported 571 employees.