Kinneret II Inc

Analysis

Kinneret II Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 April 2023, Kinneret II Inc reported income of $25.5m and spending of $558k, leaving 98% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.4m to $25.5m (+1737%), an average of +107% a year. The sharpest change came in the year to April 2023, when income rose by 1636%. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kinneret II Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Housing and Community Services Inc ($25.5m), Ali Forney Center ($25.6m) and Community Solutions International Inc ($25.5m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 2.4% of the total. Other salaries and wages came to $105k. At year end it held assets of $29.3m against liabilities of $9,790, net assets of $29.3m.