Kensington Place Inc

Analysis

Kensington Place Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kensington Place Inc reported income of $822k and spending of $865k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $815k to $822k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kensington Place Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Greystone Power Foundation Inc ($821k), Winslow Village Inc ($822k) and Habitat for Humanity International Inc ($821k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.5m against liabilities of $7.6m, net assets of -$3.1m.

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.