Kennedy Institute Housing Corporation

Analysis

Kennedy Institute Housing Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1995, 31 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, Kennedy Institute Housing Corporation reported income of $151k and spending of $191k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $145k to $151k (+4.5%), an average of +1.1% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 134% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kennedy Institute Housing Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 25th percentile within DC. Charities of a similar size with the same main cause include Power House Recovery Center ($151k), Solutions Now Foundation ($151k) and Side by Side Music Inc ($151k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $498k against liabilities of $1.8m, net assets of -$1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.