Kenosha Area Business Alliance Foundation Inc

Analysis

Kenosha Area Business Alliance Foundation Inc is a registered charity in United States, based in Kenosha, WI. It received its IRS tax-exemption ruling in April 1996, 30 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kenosha Area Business Alliance Foundation Inc reported income of $7.2m and spending of $662k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $354k to $7.2m (+1930%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 932%. Over the whole period it spent 19% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kenosha Area Business Alliance Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Lean Enterprise Institute Inc ($7.2m), Women Giving Back Inc ($7.2m) and Business Development Corporation of the Northern Panhandle ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.9% of the total. Other salaries and wages came to $386k. At year end it held assets of $13.9m against liabilities of $5.6m, net assets of $8.3m.