Simmons College of Kentucky Inc

Analysis

Simmons College of Kentucky Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Simmons College of Kentucky Inc reported income of $12.1m and spending of $12.5m, spending 103% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $8.3m to $12.1m (+47%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Simmons College of Kentucky Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Eugene Higgins Charitable Trust ($12.1m), Florida High School for Accelerated Learning - Miami Campus ($12.1m) and Flatirons Academy ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $355k (2.8% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $17.2m against liabilities of $2.8m, net assets of $14.4m. It reported 154 employees.