Ken Lachance Fund Inc

Analysis

Ken Lachance Fund Inc is a registered charity in United States, based in Hoffman Estates, IL. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Ken Lachance Fund Inc reported income of $178k and spending of $205k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $184k to $178k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ken Lachance Fund Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include The L-Fund ($178k), Miss Rodeo Texas Association Incorporated ($178k) and Kontagious ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $642k against liabilities of $0, net assets of $642k.