Historic Kenwood Neighborhood Association Inc

Analysis

Historic Kenwood Neighborhood Association Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Historic Kenwood Neighborhood Association Inc reported income of $66k and spending of $55k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $66k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic Kenwood Neighborhood Association Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Friends of Newtown Community Center Inc ($66k), Visitors Bureau of Highland County ($66k) and Crenshaw Subway Coalition ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 2.9% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.