KENSINGTON CORRIDOR TRUST
KENSINGTON CORRIDOR TRUST
KENSINGTON CORRIDOR TRUST
AI Summary
Kensington Corridor Trust (EIN: 84-2453611) is a nonprofit organization dedicated to economic development in the Kensington Avenue corridor. With an operating budget of $1.1 million and total revenue of $976.2K for the filing year 2024, the organization collaborates with community stakeholders to enhance neighborhood control and drive economic prosperity through the strategic use of local assets. The trust does not rely on any single funder for 50% or more of its revenue, ensuring a diversified funding base for its initiatives. For more information, visit their website at https://kctphilly.org/.
Mission Statement
THE KENSINGTON CORRIDOR TRUST WORKS CLOSELY WITH COMMUNITY STAKEHOLDERS AND RESIDENTS TO DEVELOP A NEW MODEL FOR INCREASING NEIGHBORHOOD CONTROL, FOCUSING ON FUELING THE KENSINGTON AVENUE CORRIDOR AS AN ECONOMIC ENGINE THAT CAN DRIVE STABILITY AND ECONOMIC PROSPERITY IN THE NEIGHBORHOOD. THE ORGANIZATION RECOGNIZES HOW CRITICAL THE DEVELOPMENT OF PHYSICAL SPACE IS TO OVERCOMING POVERTY AND WILL LEVERAGE THE AREAS PHYSICAL ASSETS (TRANSPORTATION INFRASTRUCTURE, WALKABILITY, AVAILABILITY OF PROPERTIES) AND NEIGHBORHOOD STRENGTHS (MOBILIZED RESIDENTS, STRONG NEIGHBORHOOD-BASED ORGANIZATION) TO CREATE LASTING CHANGE.
Cause Areas
1
Economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is KENSINGTON CORRIDOR TRUST’s budget?
In 2024, KENSINGTON CORRIDOR TRUST reported an annual operating budget of around $1.1 million. More detailed financial information is available to registered users.
What causes does KENSINGTON CORRIDOR TRUST support?
KENSINGTON CORRIDOR TRUST supports work in Economic development.
Where does KENSINGTON CORRIDOR TRUST operate?
KENSINGTON CORRIDOR TRUST is headquartered in PHILADELPHIA, PA.
Who funded KENSINGTON CORRIDOR TRUST recently?
In 2024, KENSINGTON CORRIDOR TRUST received grants from IMPACTASSETSINC, THE HARRY R HALLORAN JR CHARITABLE TRUST, and GLOBETROTTER FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant KENSINGTON CORRIDOR TRUST received in 2024?
The largest grant to KENSINGTON CORRIDOR TRUST in 2024 exceeds $260 thousand.