Kinexus Youth Solutions Inc

Analysis

Kinexus Youth Solutions Inc is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Kinexus Youth Solutions Inc reported income of $6.2m and spending of $6.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $6.2m (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kinexus Youth Solutions Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Commonwealth Kitchen Inc ($6.2m), Sunflower-Humphreys Counties ($6.2m) and Citizens Development Center ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $133k (2.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.1m against liabilities of $587k, net assets of $1.5m.