Kennedy Heights Neighborhood Association Inc

Analysis

Kennedy Heights Neighborhood Association Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in September 1985, 41 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 December 2023, Kennedy Heights Neighborhood Association Inc reported income of $357k and spending of $410k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $357k (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kennedy Heights Neighborhood Association Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include Schuyler County Human Servicesdevelopment Corporation ($357k), Riley Area Development Corporation ($357k) and Routt County Economic Development Partnership ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (13% of expenses). Other salaries and wages came to $154k. At year end it held assets of $255k against liabilities of $18k, net assets of $237k. It reported 12 employees.