Kent News Inc

Analysis

Kent News Inc is a registered charity in United States, based in Kent, CT. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Kent News Inc reported income of $54k and spending of $39k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $25k to $54k (+114%), an average of +114% a year. The sharpest change came in the year to June 2024, when income rose by 114%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kent News Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within CT. Charities of a similar size with the same main cause include Uncle Remus Museum of Eatonton Georgia Inc ($54k), Atux Forever-Restoring Attuans Freedom ($54k) and North Georgia Chamber Symphony Inc ($54k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 5.5% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.