Kennedy Health Care Foundation Inc

Analysis

Kennedy Health Care Foundation Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Kennedy Health Care Foundation Inc reported income of $1.7m and spending of $562k, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.7m (-12%), an average of -3.0% a year. The sharpest change came in the year to June 2023, when income rose by 107%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kennedy Health Care Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Arcadia All Florida Championship Rodeo Inc ($1.7m), Wyoming Association of Non Profit Organizations ($1.7m) and The Biome Education Group ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.3m against liabilities of $82k, net assets of $5.2m.