Josephine Sculpture Park Inc

Analysis

Josephine Sculpture Park Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Josephine Sculpture Park Inc reported income of $642k and spending of $553k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $369k to $642k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 243%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Josephine Sculpture Park Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within KY. Charities of a similar size with the same main cause include Red Skelton Museum Foundation Inc ($642k), Okpop Foundation ($642k) and California School of the Arts Foundation ($641k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 6.3% of the total. Other salaries and wages came to $171k. At year end it held assets of $2.7m against liabilities of $894k, net assets of $1.8m. It reported 4 employees.