Gildas Club Kentuckiana

Analysis

Gildas Club Kentuckiana is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2005, 21 years ago. 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, Gildas Club Kentuckiana reported income of $3.2m and spending of $3.0m, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $6.4m to $3.2m (-50%), an average of -13% a year. The sharpest change came in the year to December 2019, when income dropped by 43%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gildas Club Kentuckiana sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Youth Camps for Christ Inc ($3.2m), West Haven Child Development Center Inc Grants Office City Hall ($3.2m) and Islamic Foundation of South Florida Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $267k (8.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $17.8m against liabilities of $276k, net assets of $17.5m. It reported 23 employees.