Kennedys Care Enterprise Inc

Analysis

Kennedys Care Enterprise Inc is a registered charity in United States, based in Inkster, MI. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Kennedys Care Enterprise Inc reported income of $3.7m and spending of $3.8m, spending 104% of its income. Across the 6 years on record, from September 2018 to September 2023, income grew from $2.6m to $3.7m (+44%), an average of +7.5% a year. The sharpest change came in the year to September 2019, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kennedys Care Enterprise Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Ashtabula County Residential Services Corporation ($3.7m), Duneland YMCA Inc ($3.7m) and New Mexico Farmers Marketing Association ($3.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $383k (10.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $957k against liabilities of $22k, net assets of $935k. It reported 88 employees.