Kennett Run Charities Inc
- Assets
- $271.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kennett Square, PA
- Founding
- 04/1993
- Data as of
- 12/2023
- EIN
- 23-2669009
Organization Overview
Kennett Run Charities Inc is located in Kennett Square, PA. The organization was established in 1993. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennett Run Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Kennett Run Charities Inc generated $61.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $80.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
FUNDS ARE RAISED TO SUPPORT PROGRAMS OF LOCAL ORGANIZATIONS CONDUCTED FOR CHARITABLE, HEALTH, WELFARE AND SOCIAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Merkle President | 1 | $0 | |
Albert Schmitt Vice Preside | 1 | $0 | |
Tom Neale Treasurer | 1 | $0 | |
Becky Devestine Secretary | 1 | $0 | |
Ryan Borchik Director | 1 | $0 | |
David Chopko Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,200 |
| Total Program Service Revenue | $28,399 |
| Membership dues | $0 |
| Investment income | $6,618 |
| Gain or Loss | -$1,446 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,771 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,045 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,936 |
| Other expenses | $40,954 |
| Total expenses | $80,135 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,496 |
| Other assets | $0 |
| Total assets | $271,370 |
| Total liabilities | $0 |
| Net assets or fund balances | $271,370 |