Kent-Sussex Industries Inc

Analysis

Kent-Sussex Industries Inc is a registered charity in United States, based in Milford, DE. It received its IRS tax-exemption ruling in April 1964, 62 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Kent-Sussex Industries Inc reported income of $9.5m and spending of $7.4m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.5m to $9.5m (+45%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kent-Sussex Industries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within DE. Charities of a similar size with the same main cause include Wai-Anae Community Re-Development Corporation ($9.5m), New Durham Corporation ($9.5m) and Community Action Inc of Rock and Walworth Counties ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $268k (3.6% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $9.6m against liabilities of $578k, net assets of $9.0m. It reported 244 employees.