Kentlands Community Foundation Inc

Analysis

Kentlands Community Foundation Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in July 1994, 32 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 December 2023, Kentlands Community Foundation Inc reported income of $295k and spending of $334k, spending 113% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $150k to $295k (+97%), an average of +18% a year. The sharpest change came in the year to December 2019, when income rose by 59%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kentlands Community Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Concerts for Hope ($295k), Marian Charities Inc ($295k) and Ja Taylor Foundation Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. At year end it held assets of $270k against liabilities of $16k, net assets of $254k. It reported 1 employees.