Kennett Education Foundation Inc

Analysis

Kennett Education Foundation Inc is a registered charity in United States, based in Kennett SQ, PA. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Education Foundation Inc reported income of $246k and spending of $221k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $246k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kennett Education Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Mo-Kan-Ne ($246k), Embark Center ($246k) and Segula ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.