Keene Valley Neighborhood Services Inc

Analysis

Keene Valley Neighborhood Services Inc is a registered charity in United States, based in Keene Valley, NY. It received its IRS tax-exemption ruling in August 1978, 48 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, Keene Valley Neighborhood Services Inc reported income of $2.0m and spending of $2.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.0m (+21%), an average of +5.0% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Keene Valley Neighborhood Services Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Malta House Inc ($2.0m), Friends Center Corporation ($2.0m) and Traverse Area Recreation & Transportation Trails Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $248k (12% of expenses). Other salaries and wages came to $861k. At year end it held assets of $1.7m against liabilities of $831k, net assets of $878k. It reported 36 employees.

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.