Kessler Foundation Inc

Analysis

Kessler Foundation Inc is a registered charity in United States, based in East Hanover, NJ. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kessler Foundation Inc reported income of $33.5m and spending of $34.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.8m to $33.5m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kessler Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Union Station Homeless Services ($33.4m), BSLC II ($33.6m) and Adelbrook Inc ($33.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $2.5m (7.2% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $283.3m against liabilities of $20.3m, net assets of $263.0m. It reported 209 employees.