Kernsville Foundation Inc

Analysis

Kernsville Foundation Inc is a registered charity in United States, based in Kernersville, NC. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Kernsville Foundation Inc reported income of $68k and spending of $474k, spending 697% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $654k to $68k (-90%), an average of -43% a year. The sharpest change came in the year to December 2022, when income dropped by 108%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kernsville Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include The Chamber Orchestra of Boston Inc ($68k), Battlefield High School PTO ($68k) and Shelburne Historical Society Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 202% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.