Kinecta Community Foundation

Analysis

Kinecta Community Foundation is a registered charity in United States, based in Manhattan BCH, CA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kinecta Community Foundation reported income of $787k and spending of $1.2m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $674k to $787k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kinecta Community Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Xavier-Sgo ($786k), Wesbury Foundation ($787k) and Ken Duke and Friends Inc ($786k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.