Kennedy Height Community Urban Redevelopment Corporation

Analysis

Kennedy Height Community Urban Redevelopment Corporation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Kennedy Height Community Urban Redevelopment Corporation reported income of $71k and spending of $94k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $71k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 231%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kennedy Height Community Urban Redevelopment Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Eureka Foundation ($71k), New Hope Human Services Inc ($71k) and Mississippi Economic Growth Alliance and Point of Presence ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $31k (33% of expenses). At year end it held assets of $805k against liabilities of $428k, net assets of $377k.