Kennedy King Memorial Initiative

Analysis

Kennedy King Memorial Initiative is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2015, 11 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 King Memorial Initiative reported income of $107k and spending of $19k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $243k to $107k (-56%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kennedy King Memorial Initiative sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within IN. Charities of a similar size with the same main cause include Hampton Bays Beautification Association Inc ($107k), Main Street of Menomonie Inc ($107k) and Medford Curling Club ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.