Kent Affordable Housing Inc

Analysis

Kent Affordable Housing Inc is a registered charity in United States, based in Kent, CT. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 April 2023, Kent Affordable Housing Inc reported income of $590k and spending of $718k, spending 122% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $767k to $590k (-23%), an average of -6.4% a year. The sharpest change came in the year to April 2020, when income rose by 64%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kent Affordable Housing Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Houston Chinese Senior Estate Inc ($589k), 163 West 170th Street HDFC ($590k) and Taeckens Terrace Nonprofit Christian Ministries ($589k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. At year end it held assets of $6.0m against liabilities of $3.8m, net assets of $2.2m.

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.