Kentucky National Guard Memorial Fund Inc

Analysis

Kentucky National Guard Memorial Fund Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Kentucky National Guard Memorial Fund Inc reported income of $60k and spending of $35k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $27k to $60k (+120%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 884%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky National Guard Memorial Fund Inc sits at the 23rd percentile: it is larger than about 23% 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 Music Teachers National Association ($60k), Caito Family Foundation Inc ($60k) and Lois Baker Ministries Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. At year end it held assets of $1.5m against liabilities of $57, net assets of $1.5m.