Childrens Home of Northern Kentucky Inc

Analysis

Childrens Home of Northern Kentucky Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in September 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Childrens Home of Northern Kentucky Inc reported income of $15.7m and spending of $14.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $15.7m (+153%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Home of Northern Kentucky Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Health and Palliative Services of the Treasure Coast Inc ($15.7m), Young Mens Christian Association of Erie Pa ($15.7m) and Wesley Glen Inc ($15.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $922k (6.2% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $18.9m against liabilities of $5.5m, net assets of $13.4m. It reported 242 employees.