Kennedy Krieger Foundation Inc

Analysis

Kennedy Krieger Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kennedy Krieger Foundation Inc reported income of $13.2m and spending of $13.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $13.2m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2020, when income rose by 56%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kennedy Krieger Foundation 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 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Community Foundation of the Eastern Shore Inc ($13.2m), Community Foundation of Greater Muscatine ($13.2m) and Blue Mountain Community Foundation ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $466k (3.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $87.5m against liabilities of $16.5m, net assets of $71.0m. It reported 18 employees.