Kenai Classical Inc

Analysis

Kenai Classical Inc is a registered charity in United States, based in Soldotna, AK. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kenai Classical Inc reported income of $1.9m and spending of $319k, leaving 84% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $359k to $1.9m (+443%), an average of +76% a year. The sharpest change came in the year to June 2023, when income rose by 649%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kenai Classical Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within AK. Charities of a similar size with the same main cause include Lapid Yeshiva Inc ($1.9m), Genesee Community Charter School Flour City Campus ($1.9m) and Coeur du Christ Academy Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Other salaries and wages came to $235k. At year end it held assets of $1.8m against liabilities of $5,395, net assets of $1.8m. It reported 4 employees.