Kenwood Neighborhood Organization

Analysis

Kenwood Neighborhood Organization is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1997, 29 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, Kenwood Neighborhood Organization reported income of $55k and spending of $30k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $55k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kenwood Neighborhood Organization sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include Animas Foundation ($55k), Hood Wood Transformation Inc ($55k) and Awaic Foundation Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.1% of the total. At year end it held assets of $76k against liabilities of $2,518, net assets of $74k.