Kensington Area Heritage Society Inc

Analysis

Kensington Area Heritage Society Inc is a registered charity in United States, based in Kensington, MN. It received its IRS tax-exemption ruling in April 2006, 20 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, Kensington Area Heritage Society Inc reported income of $51k and spending of $25k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $12k to $51k (+311%), an average of +311% a year. The sharpest change came in the year to December 2023, when income rose by 311%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kensington Area Heritage Society Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Richmond Nihongo Hoshuuko ($51k), Music Sponsors of Emerson Jr Sr High School ($51k) and Concerts at the Point Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $136k against liabilities of $9,596, net assets of $126k.