Kenesaw Community Development Corp

Analysis

Kenesaw Community Development Corp is a registered charity in United States, based in Kenesaw, NE. It received its IRS tax-exemption ruling in September 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kenesaw Community Development Corp reported income of $92k and spending of $77k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $92k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kenesaw Community Development Corp sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NE. Charities of a similar size with the same main cause include The Hacienda Inc ($92k), Twin Peaks 28 Inc ($92k) and Rebuilding Together Pacific County ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 92% of the total. At year end it held assets of $1.5m against liabilities of $549k, net assets of $921k.