Kennett Collaborative Inc

Analysis

Kennett Collaborative Inc is a registered charity in United States, based in Kennett Square, PA. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Collaborative Inc reported income of $266k and spending of $252k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $349k to $266k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2020, when income rose by 90%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kennett Collaborative Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Alliance Community Foundation Supporting Organization ($266k), Webber-Camden Neighborhood Organization ($266k) and Center in Midland Pa ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $85k (34% of expenses). Other salaries and wages came to $102k. At year end it held assets of $420k against liabilities of $161k, net assets of $260k. It reported 5 employees.