Kinera Foundation Inc

Analysis

Kinera Foundation Inc is a registered charity in United States, based in Stevensville, MD. It received its IRS tax-exemption ruling in April 2015, 11 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 December 2023, Kinera Foundation Inc reported income of $588k and spending of $570k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $157k to $588k (+275%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kinera Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Cornerstone Resource Center ($588k), Meals-On-Wheels of Rocky Mount Inc ($588k) and Gifts for the Homeless ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. Other salaries and wages came to $369k. At year end it held assets of $56k against liabilities of $31k, net assets of $25k. It reported 5 employees.