Itnbluegrass Inc

Analysis

Itnbluegrass Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 2008, 18 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, Itnbluegrass Inc reported income of $285k and spending of $305k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $271k to $285k (+5.2%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Itnbluegrass Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KY. Charities of a similar size with the same main cause include Oec Foundation Inc ($285k), JLBC Community Alliance Inc ($285k) and Westbrook Youth & Family Services Inc ($285k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $50k (16% of expenses). Other salaries and wages came to $104k. At year end it held assets of $108k against liabilities of $75k, net assets of $32k. It reported 17 employees.