Friends of Kenya Rising

Analysis

Friends of Kenya Rising is a registered charity in United States, based in Sherman, CT. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Kenya Rising reported income of $1.4m and spending of $638k, leaving 55% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $511k to $1.4m (+180%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 266%. Over the whole period it spent 61% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Kenya Rising sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Foundation for Children in Need Inc ($1.4m), B Desh Foundation Inc ($1.4m) and Jerusalem Fund ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $68k (11% of expenses). At year end it held assets of $1.5m against liabilities of $185, net assets of $1.5m. It reported 1 employees.