Kennedy King Memorial College Scholarship Fund

Analysis

Kennedy King Memorial College Scholarship Fund is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in November 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Kennedy King Memorial College Scholarship Fund reported income of $350k and spending of $431k, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $298k to $350k (+18%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kennedy King Memorial College Scholarship Fund sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Northside School of Christian Leadership ($350k), Lead California ($350k) and Aquinas Academy Inc ($350k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $2.5m against liabilities of $607k, net assets of $1.9m.