Kenn Homes Incorporated

Analysis

Kenn Homes Incorporated is a registered charity in United States, based in Trumbull, CT. It received its IRS tax-exemption ruling in September 1999, 27 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, Kenn Homes Incorporated reported income of $194k and spending of $304k, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $190k to $194k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kenn Homes Incorporated sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Baptist Home of South Jersey ($193k), Montana Continuum of Care Coalition ($194k) and Friends Center City Riverfront ($193k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $19k. At year end it held assets of $292k against liabilities of $1.0m, net assets of -$750k.