Ken-Rock Community Center Inc

Analysis

Ken-Rock Community Center Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in August 1960, 66 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 June 2023, Ken-Rock Community Center Inc reported income of $287k and spending of $343k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $230k to $287k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ken-Rock Community Center Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Deshler Community Foundation Inc ($287k), Allendale County Alive ($287k) and West Contra Costa Business Development Center ($287k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $65k (19% of expenses). Other salaries and wages came to $84k. At year end it held assets of $390k against liabilities of $206k, net assets of $184k. It reported 15 employees.