Institute 193

Analysis

Institute 193 is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in December 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, Institute 193 reported income of $177k and spending of $155k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $279k to $177k (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute 193 sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within KY. Charities of a similar size with the same main cause include Grand Rapids Youth Choruses ($177k), Beller Museum ($177k) and Hhv-6 Foundation ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $25k (16% of expenses). Other salaries and wages came to $20k. At year end it held assets of $201k against liabilities of $91k, net assets of $110k. It reported 2 employees.