New Kensington Community Development Corp
New Kensington CDC: Steady Growth, Strong Program Focus
EIN: 222610536 · Philadelphia, PA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $7.5M |
| Total Expenses | $4.6M |
| Program Spending | 86% |
| Net Assets | $6.5M |
| Transparency Score | 85/100 |
Is New Kensington Community Development Corp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Kensington Community Development Corp directs 86% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Kensington Community Development Corp
New Kensington Community Development Corp (EIN: 222610536) is a nonprofit organization based in Philadelphia, PA. The organization reported total revenue of $7.5M and total assets of $13.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Kensington Community Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Kensington Community Development Corp is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $4.6M |
| Surplus / Deficit | $-631,123 |
| Total Assets | $10.0M |
| Total Liabilities | $3.5M |
| Net Assets | $6.5M |
| Operating Margin | -16.0% |
| Debt-to-Asset Ratio | 35.0% |
| Months of Reserves | 26.2 months |
Financial Health Grade: B
In 2023, New Kensington Community Development Corp reported a deficit of $631K with expenses exceeding revenue, holds 26.2 months of operating reserves (strong position), has a debt-to-asset ratio of 35.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Kensington Community Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +16.6% | -6.8% |
| 2022 | -9.8% | +25.6% | +1.1% |
| 2021 | +11.9% | +0.9% | +13.9% |
| 2020 | +4.3% | +20.5% | +14.0% |
| 2019 | +14.4% | +2.5% | +16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Kensington Community Development Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 9%
- programs: 86%
- fundraising: 5%
According to IRS 990 filings, New Kensington Community Development Corp allocates its expenses as follows: admin: 9%, programs: 86%, fundraising: 5%. With 86% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $631K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific salary figures for key personnel, which are not provided in the given data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for New Kensington Community Development Corp:
- Consistent revenue growth from $3,144,136 in 2018 to $7,527,483 in 2023, demonstrating increasing financial capacity.
- Strong program spending, with 86% of expenses dedicated to programs in the most recent filing, indicating a focus on mission delivery.
- Healthy asset growth from $7,019,642 in 2018 to $13,880,549 in 2023, enhancing long-term stability.
- Low administrative and fundraising overhead (9% and 5% respectively in 2023), suggesting efficient operations.
Frequently Asked Questions about New Kensington Community Development Corp
Is New Kensington Community Development Corp a legitimate charity?
New Kensington Community Development Corp (EIN: 222610536) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.5M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does New Kensington Community Development Corp spend its money?
New Kensington Community Development Corp directs 86% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Kensington Community Development Corp tax-deductible?
New Kensington Community Development Corp is registered as a tax-exempt nonprofit (EIN: 222610536). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Kensington Community Development Corp's spending goes to programs?
New Kensington Community Development Corp directs 86% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Kensington Community Development Corp located?
New Kensington Community Development Corp is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222610536.
How many years of IRS 990 filings does New Kensington Community Development Corp have?
New Kensington Community Development Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.5M in total revenue.
What does New Kensington Community Development Corp do?
New Kensington Community Development Corp is a nonprofit organization in the Unknown sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code Unknown.
How much revenue does New Kensington Community Development Corp have?
New Kensington Community Development Corp reported total revenue of $7,527,483. Based on 13 IRS 990 filings on record.
What are New Kensington Community Development Corp's total assets?
New Kensington Community Development Corp holds total assets of $13,880,549 as reported in IRS 990 filings.
Where is New Kensington Community Development Corp located?
New Kensington Community Development Corp is based in Philadelphia, Pennsylvania.
What is New Kensington Community Development Corp's EIN?
New Kensington Community Development Corp's Employer Identification Number (EIN) is 222610536. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Kensington Community Development Corp?
New Kensington Community Development Corp is classified under NTEE code Unknown (Unknown).
Is New Kensington Community Development Corp a registered 501(c)(3)?
New Kensington Community Development Corp appears in IRS records (EIN: 222610536). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Kensington Community Development Corp file IRS Form 990?
Yes, New Kensington Community Development Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was New Kensington Community Development Corp's revenue in 2023?
In the 202306 filing period, New Kensington Community Development Corp reported total revenue of $3,943,941, total expenses of $4,575,064, and net assets of $10,006,839.
Is New Kensington Community Development Corp's revenue growing or declining?
New Kensington Community Development Corp's revenue is relatively stable. Revenue went from $3,789,688 (202206) to $3,943,941 (202306), a +4.1% change. Based on 13 filings on record.
What is New Kensington Community Development Corp's most recent 990 filing?
The most recent IRS Form 990 filing for New Kensington Community Development Corp covers tax period 202306. It shows revenue of $3,943,941, expenses of $4,575,064, total assets of $10,006,839, and liabilities of $3,503,627.
How much does New Kensington Community Development Corp spend on programs vs administration?
Based on IRS 990 analysis, New Kensington Community Development Corp allocates approximately 86% of expenses to program services, 9% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is New Kensington Community Development Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, New Kensington Community Development Corp appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are New Kensington Community Development Corp's strengths?
Positive indicators for New Kensington Community Development Corp include: Consistent revenue growth from $3,144,136 in 2018 to $7,527,483 in 2023, demonstrating increasing financial capacity.. Strong program spending, with 86% of expenses dedicated to programs in the most recent filing, indicating a focus on mission delivery.. Healthy asset growth from $7,019,642 in 2018 to $13,880,549 in 2023, enhancing long-term stability.. Low administrative and fundraising overhead (9% and 5% respectively in 2023), suggesting efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does New Kensington Community Development Corp compensate executives?
Executive compensation cannot be assessed without specific salary figures for key personnel, which are not provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New Kensington Community Development Corp?
The organization consistently reports 0% lobbying costs across all available filings. Detailed breakdowns of program expenses are not readily available in the summary data provided, making it difficult to assess specific program impact areas. Financial data is consistently reported annually, indicating regular compliance. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has the organization managed to nearly double its revenue and assets over the past five years?
The provided data shows a consistent upward trend in both revenue and assets, with revenue increasing from $3,144,136 in 2018 to $7,527,483 in 2023, and assets from $7,019,642 to $13,880,549 over the same period. This growth suggests successful fundraising, grant acquisition, or program expansion, though specific drivers are not detailed in the summary.
What specific programs or initiatives are driving the high percentage of program spending?
While the data indicates a high percentage of program spending (86% in 2023, or $4,575,064 out of $5,319,842 total expenses), the summary does not provide a breakdown of these program expenses. Further investigation into their detailed financial statements would be needed to identify the specific programs or initiatives receiving the majority of funding.
Filing History
IRS 990 filing history for New Kensington Community Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Kensington Community Development Corp's revenue has grown by 77%, moving from $2.2M to $3.9M. Total assets increased by 178.7% over the same period, from $3.6M to $10.0M. Total functional expenses rose by 137.8%, from $1.9M to $4.6M. In its most recent filing year (2023), New Kensington Community Development Corp reported a deficit of $631K, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $10.0M in assets (debt-to-asset ratio: 35.0%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $4.6M | $10.0M | $3.5M | — | View 990 |
| 2022 | $3.8M | $3.9M | $10.7M | $3.5M | — | View 990 |
| 2021 | $4.2M | $3.1M | $10.6M | $3.5M | — | — |
| 2020 | $3.8M | $3.1M | $9.3M | $3.3M | — | View 990 |
| 2019 | $3.6M | $2.6M | $8.2M | $2.8M | — | View 990 |
| 2018 | $3.1M | $2.5M | $7.0M | $2.7M | — | View 990 |
| 2017 | $8.5M | $8.1M | $6.3M | $2.6M | — | View 990 |
| 2016 | $6.7M | $6.2M | $8.2M | $4.9M | — | View 990 |
| 2015 | $2.1M | $2.1M | $5.5M | $2.7M | — | View 990 |
| 2014 | $1.9M | $1.8M | $3.9M | $1.1M | — | View 990 |
| 2013 | $2.3M | $2.2M | $3.6M | $868K | — | View 990 |
| 2012 | $1.9M | $1.8M | $3.4M | $727K | — | View 990 |
| 2011 | $2.2M | $1.9M | $3.6M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $4.6M, and assets of $10.0M (revenue +4.1% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.9M, and assets of $10.7M (revenue -9.8% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.1M, and assets of $10.6M (revenue +11.9% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.1M, and assets of $9.3M (revenue +4.3% year-over-year).
- 2019: Revenue of $3.6M, expenses of $2.6M, and assets of $8.2M (revenue +14.4% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.5M, and assets of $7.0M (revenue -63.0% year-over-year).
- 2017: Revenue of $8.5M, expenses of $8.1M, and assets of $6.3M (revenue +26.9% year-over-year).
- 2016: Revenue of $6.7M, expenses of $6.2M, and assets of $8.2M (revenue +226.7% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $5.5M (revenue +7.4% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.8M, and assets of $3.9M (revenue -17.0% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.2M, and assets of $3.6M (revenue +20.2% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $3.4M (revenue -14.1% year-over-year).
- 2011: Revenue of $2.2M, expenses of $1.9M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Kensington Community Development Corp:
Data Sources and Methodology
This transparency report for New Kensington Community Development Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.