Monsignor William P Kennedy Education Foundation

Analysis

Monsignor William P Kennedy Education Foundation is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2024, Monsignor William P Kennedy Education Foundation reported income of $137k and spending of $134k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $121k to $137k (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2023, when income rose by 109%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monsignor William P Kennedy Education Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Dillonvale Volunteer Fire Dept ($137k), Marilyn Snow House Foundation Inc ($137k) and Transformations by Austin Angels ($137k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.