Kent Cultural Alliance Inc

Analysis

Kent Cultural Alliance Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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 2024, Kent Cultural Alliance Inc reported income of $910k and spending of $611k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $433k to $910k (+110%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 118%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kent Cultural Alliance Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include University Plaza Nursery School Inc ($910k), European Christian Mission ($910k) and Lutherville Volunteer Fire Company ($909k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $120k (20% of expenses). Other salaries and wages came to $54k. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m. It reported 2 employees.