Kennedy Property Corp

Analysis

Kennedy Property Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 Property Corp reported income of $2.2m and spending of $1.9m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.2m (-5.4%), an average of -1.4% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kennedy Property Corp 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 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Arc of Washington State ($2.2m), Miami County Community Action Council ($2.2m) and Hawk Mountain Council Inc Boy Scouts of America ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $15.5m against liabilities of $937k, net assets of $14.6m.