Kenton Housing Inc

Analysis

Kenton Housing Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in February 1964, 62 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 December 2023, Kenton Housing Inc reported income of $31.0m and spending of $31.8m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.4m to $31.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kenton Housing 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 KY. Charities of a similar size with the same main cause include Tarrant County Senior Living Center Inc ($31.0m), McLean Affiliates Inc ($31.1m) and Heading Home Inc ($30.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $625k (2.0% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $59.2m against liabilities of $46.6m, net assets of $12.6m. It reported 389 employees.