The Committee of 101

Analysis

The Committee of 101 is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, The Committee of 101 reported income of $60k and spending of $70k, spending 116% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $108k to $60k (-44%), an average of -14% a year. The sharpest change came in the year to March 2024, when income dropped by 55%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Committee of 101 sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within KY. Charities of a similar size with the same main cause include Human Resources Development Fountaion Inc ($60k), Augusta College Echo Hall Association ($61k) and Facing Project Gives Inc ($60k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 27% and program service revenue 88% of the total. At year end it held assets of $332k against liabilities of $0, net assets of $332k.