John G & Marie Stella Kenedy Memorial Foundation

Analysis

John G & Marie Stella Kenedy Memorial Foundation is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in March 1961, 65 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, John G & Marie Stella Kenedy Memorial Foundation reported income of $23.3m and spending of $21.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $23.7m to $23.3m (-1.4%), an average of -0.3% a year. The sharpest change came in the year to December 2020, when income rose by 217%. Over the whole period it spent 41% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, John G & Marie Stella Kenedy Memorial Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Fellowship of Israel Related Ministries Inc ($23.2m), Marvin M Schwan Charitable Foundation ($23.4m) and City of Refuge Inc ($22.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $504k (2.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $447.4m against liabilities of $11.4m, net assets of $436.0m. It reported 18 employees.