Kentucky Institute for Patient Safety and Quality Inc

Analysis

Kentucky Institute for Patient Safety and Quality Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kentucky Institute for Patient Safety and Quality Inc reported income of $494k and spending of $481k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $767k to $494k (-36%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 40%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kentucky Institute for Patient Safety and Quality 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 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Heartline Pregnancy Center Inc ($494k), Slappy and Mondays Foundation Forlaughter ($494k) and A Vision for You Inc ($494k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $904k against liabilities of $265k, net assets of $639k.