Kenwood-Oakland Community Organization

Analysis

Kenwood-Oakland Community Organization is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1968, 58 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, Kenwood-Oakland Community Organization reported income of $3.2m and spending of $3.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $3.2m (+141%), an average of +25% a year. The sharpest change came in the year to June 2020, when income rose by 56%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kenwood-Oakland Community Organization sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Job Creators Network Foundation ($3.2m), Hopa Mountain Inc ($3.2m) and Alternatives in Action ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.8m against liabilities of $328k, net assets of $1.5m.