Kentucky Foundation for Medical Care Inc

Analysis

Kentucky Foundation for Medical Care Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 1972, 54 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kentucky Foundation for Medical Care Inc reported income of $120k and spending of $118k, spending 98% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $99k to $120k (+22%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 147% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Foundation for Medical Care Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within KY. Charities of a similar size with the same main cause include Newfoundland Area Public Library ($120k), Grant Center for the Expressive Arts PTA 10 9 95 ($120k) and Art League of Daytona Beach Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $2.3m against liabilities of $8,184, net assets of $2.3m.