Kaneco Association

Analysis

Kaneco Association is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Kaneco Association reported income of $153k and spending of $230k, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $182k to $153k (-16%), an average of -4.3% a year. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kaneco Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Camp Kids Are Kids Chicago ($153k), American Amputee Soccer Association ($153k) and Rogue Rowing ($153k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $59k. At year end it held assets of $1.0m against liabilities of $237k, net assets of $805k.

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.