Kane Homes Association

Analysis

Kane Homes Association is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kane Homes Association reported income of $190k and spending of $199k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $191k to $190k (-0.5%), an average of -0.1% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kane Homes Association sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Asi Boise Inc ($190k), Southern Outdoor Dreams ($190k) and Joy Senior Apartments Inc ($190k).

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 $51k. At year end it held assets of $1.6m against liabilities of $314k, net assets of $1.3m.