Kanesville Heights Inc

Analysis

Kanesville Heights Inc is a registered charity in United States, based in Council Bluffs, IA. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Kanesville Heights Inc reported income of $236k and spending of $270k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $210k to $236k (+12%), an average of +3.0% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kanesville Heights Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within IA. Charities of a similar size with the same main cause include City of Refuge ($236k), Barre Housing Services Inc ($236k) and Stepping Stone Shelter Inc ($235k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $15k. At year end it held assets of $1.3m against liabilities of $2.4m, net assets of -$1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.