New Kensington Community Development Corp

Analysis

New Kensington Community Development Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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 June 2023, New Kensington Community Development Corp reported income of $3.9m and spending of $4.6m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $3.9m (+9.6%), an average of +2.3% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Kensington Community Development Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Yeshiva Gedolah Rabbinical ($3.9m), University of Missouri Law School Foundation ($3.9m) and Auxiliary Service Corp ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $10.0m against liabilities of $3.5m, net assets of $6.5m.