Kinnert Inc

Analysis

Kinnert Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in August 1972, 54 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Kinnert Inc reported income of $28.8m and spending of $467k, leaving 98% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.1m to $28.8m (+2528%), an average of +126% a year. The sharpest change came in the year to April 2023, when income rose by 1285%. Over the whole period it spent 14% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kinnert Inc sits at the 99th percentile: it is larger than about 99% 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 Habitat for Humanity of Lee & Hendry Counties Inc ($28.8m), Maine Life Care Retirement Community Inc ($28.9m) and The Housing Partnership Network Inc ($28.4m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 3.4% of the total. Other salaries and wages came to $72k. At year end it held assets of $29.9m against liabilities of $2,678, net assets of $29.9m.