Key Human Services Inc

Analysis

Key Human Services Inc is a registered charity in United States, based in Rocky Hill, CT. It received its IRS tax-exemption ruling in November 1993, 33 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, Key Human Services Inc reported income of $29.5m and spending of $29.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.5m to $29.5m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 16%. 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, Key Human Services 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 97th percentile within CT. Charities of a similar size with the same main cause include Hawthorne Foundation Inc ($29.5m), Bay State Community Services Inc ($29.5m) and Zakat Foundation of America ($29.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $425k (1.4% of expenses). Other salaries and wages came to $19.8m. At year end it held assets of $13.1m against liabilities of $12.1m, net assets of $1.0m. It reported 590 employees.