Ken-Crest Workers Compensation Trust

Analysis

Ken-Crest Workers Compensation Trust is a registered charity in United States, based in Jenkintown, PA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Ken-Crest Workers Compensation Trust reported income of $2.2m and spending of $2.4m, spending 111% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $2.3m to $2.2m (-7.5%), an average of -1.9% a year. The sharpest change came in the year to October 2021, when income rose by 19%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ken-Crest Workers Compensation Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Catholic High School Foundation Inc ($2.2m), Apprenticeship Training Fund Local 138 ($2.2m) and Regional Rehabilitation Center Inc ($2.2m).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $3.4m against liabilities of $5.2m, net assets of -$1.9m.