Kent Community Fund Inc

Analysis

Kent Community Fund Inc is a registered charity in United States, based in Kent, CT. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kent Community Fund Inc reported income of $88k and spending of $73k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $146k to $88k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kent Community Fund Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Lens on Life Project ($88k), Chadron Community Foundation Inc ($88k) and Silas L Griffith Trust ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $955k against liabilities of $0, net assets of $955k.