Kearahs Place Inc

Analysis

Kearahs Place Inc is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in November 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, Kearahs Place Inc reported income of $246k and spending of $238k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $166k to $246k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. 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, Kearahs Place Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Jack & Marci Williams Endowment for Wednesdays Child Inc ($246k), Ride Janie Ride Foundation ($246k) and Mountain Home Senior Center Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (40% of expenses). At year end it held assets of $10k against liabilities of $0, net assets of $10k. It reported 7 employees.