Kenyon Terrace Apartments Inc

Analysis

Kenyon Terrace Apartments Inc is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Kenyon Terrace Apartments Inc reported income of $69k and spending of $112k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $72k to $69k (-4.4%), an average of -1.1% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kenyon Terrace Apartments Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within RI. Charities of a similar size with the same main cause include Cambridge Homes for Elderly Inc ($69k), John L Turner House Foundation ($69k) and Walden Place Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $880k against liabilities of $16k, net assets of $865k.

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.