Josephine Kernes Memorial Pool

Analysis

Josephine Kernes Memorial Pool is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in September 1973, 53 years ago. 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, Josephine Kernes Memorial Pool reported income of $385k and spending of $440k, spending 114% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income fell from $438k to $385k (-12%), an average of -2.6% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Josephine Kernes Memorial Pool sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Volunteers of America Inc ($384k), The Wasteshed ($385k) and Road Runners Club of America ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $82k (19% of expenses). Other salaries and wages came to $166k. At year end it held assets of $1.2m against liabilities of $213k, net assets of $941k. It reported 6 employees.