Kendallville Restorations Inc

Analysis

Kendallville Restorations Inc is a registered charity in United States, based in Kendallville, IN. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, 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 May 2024, Kendallville Restorations Inc reported income of $346k and spending of $34k, leaving 90% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $211k to $346k (+64%), an average of +13% a year. The sharpest change came in the year to May 2021, when income rose by 89%. Over the whole period it spent 28% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kendallville Restorations Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IN. Charities of a similar size with the same main cause include Waggaman Community Foundation ($346k), Silver Triangle Main Street Corporation ($347k) and The Greater Richmond Chamber Foundation ($346k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $125k, net assets of $1.0m.