Kent Center Inc

Analysis

Kent Center Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in March 1981, 45 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 June 2023, Kent Center Inc reported income of $7.4m and spending of $6.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $7.4m (+20%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kent Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Neighborhood House Inc ($7.4m), Coastal Child Nutrition Services ($7.4m) and Monroe County Opportunity Program ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $175k (2.8% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $8.8m against liabilities of $1.4m, net assets of $7.4m. It reported 180 employees.