Kentucky Cobras Inc

Analysis

Kentucky Cobras Inc is a registered charity in United States, based in Florence, KY. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Cobras Inc reported income of $587k and spending of $600k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $451k to $587k (+30%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kentucky Cobras 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 73rd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Professional Association of Volleyball Officials ($587k), Greater Long Island Running Club Inc ($588k) and LTG Lions ($587k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $43k. At year end it held assets of $37k against liabilities of $25k, net assets of $12k.