Ken-Crest Services

Analysis

Ken-Crest Services is a registered charity in United States, based in Blue Bell, PA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Ken-Crest Services reported income of $138.3m and spending of $139.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $129.9m to $138.3m (+6.4%), an average of +1.6% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ken-Crest Services sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Family & Childrens Service Inc ($137.5m), Humangood Socal ($138.6m) and Friends of the World Food Program Inc ($137.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.2% of the total. Other salaries and wages came to $82.0m. At year end it held assets of $59.5m against liabilities of $42.1m, net assets of $17.4m. It reported 2,133 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.