Ninth Street Kin

Analysis

Ninth Street Kin is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Ninth Street Kin reported income of $613k and spending of $544k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $482k to $613k (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2020, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ninth Street Kin sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Pregnancy Resource Clinic Inc ($613k), East Hampton Food Pantry Inc ($613k) and Hephzibah House Bible Training School & Home of Rest Inc ($613k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.9% and program service revenue 91% of the total. Other salaries and wages came to $412k. At year end it held assets of $515k against liabilities of $48k, net assets of $467k. It reported 19 employees.