Kentucky College of Art and Design Inc

Analysis

Kentucky College of Art and Design Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Kentucky College of Art and Design Inc reported income of $3.8m and spending of $3.6m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.4m to $3.8m (+59%), an average of +9.8% a year. The sharpest change came in the year to June 2020, when income rose by 89%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky College of Art and Design Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Bodine of Germantown Inc ($3.8m), Coastal Empire Montessori Community Organization Inc ($3.8m) and Christopher Newport University Real Estate Foundation Inc ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $643k (18% of expenses). Other salaries and wages came to $594k. At year end it held assets of $5.9m against liabilities of $679k, net assets of $5.3m. It reported 43 employees.