Kinnect

Analysis

Kinnect is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Kinnect reported income of $14.0m and spending of $14.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $14.0m (+353%), an average of +46% a year. The sharpest change came in the year to December 2020, when income rose by 171%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kinnect sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Heritage Health and Housing Inc ($14.0m), Horizons Programs Inc ($14.0m) and Families First Inc ($14.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $144k (1.0% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $2.7m against liabilities of $1.8m, net assets of $930k. It reported 78 employees.