Kenan Center Inc

Analysis

Kenan Center Inc is a registered charity in United States, based in Lockport, NY. It received its IRS tax-exemption ruling in September 1967, 59 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2023, Kenan Center Inc reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $778k to $1.2m (+51%), an average of +11% a year. The sharpest change came in the year to March 2022, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kenan Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Quillian Memorial Center Inc ($1.2m), Lost Boyz Inc ($1.2m) and Atlantic Junior Hockey League Inc ($1.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 55% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $95k (7.6% of expenses). At year end it held assets of $7.2m against liabilities of $150k, net assets of $7.1m. It reported 37 employees.