Kerengende Foundation NFP

Analysis

Kerengende Foundation NFP is a registered charity in United States, based in Belleville, IL. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2023, Kerengende Foundation NFP reported income of $222k and spending of $171k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $222k (+131%), an average of +131% a year. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kerengende Foundation NFP sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Honor Legion of the Police Departments of the State of New ($222k), Mockingbird Foundation Inc ($222k) and Sertoma Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $109k against liabilities of $805, net assets of $108k.