Kentwood Cares Foundation

Analysis

Kentwood Cares Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kentwood Cares Foundation reported income of $54k and spending of $29k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $54k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kentwood Cares Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within CO. Charities of a similar size with the same main cause include Seneca Falls Rotary Service Foundation Inc ($54k), Companion Animal Placement Assistance ($54k) and Veteran Boxers Association of New York Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.