Louisville Arena Authority Inc

Analysis

Louisville Arena Authority Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Louisville Arena Authority Inc reported income of $38.4m and spending of $27.4m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $36.2m to $38.4m (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 136%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Louisville Arena Authority Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include USA Track & Field Inc ($37.9m), USA Swimming Inc ($38.5m) and Charleston Educational Excellence Financing Corporation ($37.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 8.0% of the total. At year end it held assets of $365.3m against liabilities of $342.1m, net assets of $23.2m.