Kangaroos Pouch Inc

Analysis

Kangaroos Pouch Inc is a registered charity in United States, based in Chelsea, MA. It received its IRS tax-exemption ruling in December 1973, 53 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, Kangaroos Pouch Inc reported income of $1.2m and spending of $964k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $668k to $1.2m (+86%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kangaroos Pouch Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Kentucky Center for Agriculture and Rural Development ($1.2m), Urban Dreams ($1.2m) and Youth Service Bureau of Porter County Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $68k (7.1% of expenses). Other salaries and wages came to $585k. At year end it held assets of $627k against liabilities of $72k, net assets of $554k. It reported 16 employees.