Kennett Area Park and Recreation Board

Analysis

Kennett Area Park and Recreation Board is a registered charity in United States, based in Kennett SQ, PA. It received its IRS tax-exemption ruling in December 1965, 61 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Kennett Area Park and Recreation Board reported income of $169k and spending of $226k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $386k to $169k (-56%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 269%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kennett Area Park and Recreation Board sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Next Chapter of LA Crosse Inc ($169k), Noblesville Babe Ruth Inc ($169k) and Altoona Area Youth Ice Hockey Association Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $45k (20% of expenses). Other salaries and wages came to $23k. At year end it held assets of $398k against liabilities of $134, net assets of $397k. It reported 11 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.