Kencrest Centers

Analysis

Kencrest Centers is a registered charity in United States, based in Blue Bell, PA. It received its IRS tax-exemption ruling in October 1929, 97 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kencrest Centers reported income of $4.9m and spending of $4.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.3m to $4.9m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kencrest Centers 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 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Five Cap Inc ($4.9m), Lev Rochel Bikur Cholim of Lakewood Inc ($4.9m) and Rocmnd Area Youth Services Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.8m (39% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $25.8m against liabilities of $2.0m, net assets of $23.9m. It reported 22 employees.