Kentucky Golf Foundation

Analysis

Kentucky Golf Foundation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Kentucky Golf Foundation reported income of $909k and spending of $809k, spending 89% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $753k to $909k (+21%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kentucky Golf Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Antiquities Coalition ($909k), Club Portuguse of Hudson Inc ($909k) and Southern California Ballet Inc ($909k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 53% of the total. At year end it held assets of $1.5m against liabilities of $49k, net assets of $1.4m.