Kennek Foundation Inc

Analysis

Kennek Foundation Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in February 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, Kennek Foundation Inc reported income of $53k and spending of $47k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $53k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kennek Foundation Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include African Resource Center of West Michigan ($53k), Chhahari Inc ($53k) and International Nutritional Sustainability Partners ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $10k against liabilities of $23k, net assets of -$13k.