Kentucky State University Foundation Inc

Analysis

Kentucky State University Foundation Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kentucky State University Foundation Inc reported income of $1.1m and spending of $1.4m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.1m (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2021, when income rose by 336%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky State University Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Primed for Life Inc ($1.1m), Academy of St Louis ($1.1m) and Library Foundation for the Benefit of St Louis Public Library ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $143k (11% of expenses). At year end it held assets of $13.0m against liabilities of $9,560, net assets of $13.0m. It reported 2 employees.