LT Joseph P Kennedy Institute

Analysis

LT Joseph P Kennedy Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, LT Joseph P Kennedy Institute reported income of $7.7m and spending of $7.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.7m to $7.7m (-12%), an average of -3.0% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LT Joseph P Kennedy Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include United Ukrainian American Relief Committee ($7.7m), College Unbound ($7.7m) and Center for Prevention of Abuse ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $1.8m against liabilities of $1.0m, net assets of $817k. It reported 83 employees.