Kennedy Health Facilities Inc

Analysis

Kennedy Health Facilities Inc is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in February 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kennedy Health Facilities Inc reported income of $13.0m and spending of $23.1m, spending 178% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $22.7m to $13.0m (-43%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 129% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kennedy Health Facilities Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Alzheimers Disease Data Initiative Inc ($13.0m), Seacoast Affiliated Group Practice Inc ($13.0m) and Harold and Grace Upjohn Community Care Center ($13.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $10.7m. At year end it held assets of $5.1m against liabilities of $10.5m, net assets of -$5.4m. It reported 283 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.